Digital advertising company The Trade Desk officially joins the S&P 500 Index, replacing Ansys after its acquisition by Synopsys. This inclusion has positively affected The Trade Desk's stock, which has risen approximately 8% since the announcement, despite being down about 30% for the year. The market capitalization of The Trade Desk is nearly $40 billion. CEO Jeff Green emphasized that this achievement reflects the company’s value and innovation within the digital advertising sector.
The inclusion of The Trade Desk in the S&P 500 is anticipated to positively impact its stock due to associated index tracking buy-ins.
The Trade Desk has seen a significant share increase of about 8% following the announcement of its inclusion in the S&P 500 Index.
CEO Jeff Green stated that being included in the S&P 500 reflects the value and innovation the company has provided to the digital advertising industry.
The Trade Desk's market capitalization is approximately $40 billion, highlighting its significance in the digital advertising market.
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