Trade Desk stock price drops 7% after Publicis Group withdraws its recommendation for the demand-side platform of this advertising technology company.

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Trade Desk’s stock price fell about 7% on Tuesday after Adage reported that Publicis Groupe stated it would no longer recommend this advertising technology company’s demand-side platform for digital media due to failed negotiations surrounding its audit results.

According to reports, Publicis Groupe informed its clients that a recently commissioned audit revealed “multiple violations of the master service agreement signed with Trade Desk.”

As this report was released, the demand-side platform provider continued to be hit alongside other software tool stocks, as investors worried about the disruption risks posed by artificial intelligence to the industry. Trade Desk’s stock has plummeted 55% over the past year.

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