The news: The Trade Desk (TTD) is set to join the S&P 500 on Friday, July 18, replacing software firm Ansys following its acquisition by Synopsys. The announcement sent TTD shares up 6.6% on Tuesday, though the stock remains down over 30% year-to-date.
- Founded in 2009 and public since 2016, The Trade Desk competes with major ad tech players like Google and Amazon. It remains a leading demand-side platform (DSP), optimizing ad buys across video, display, audio, and connected TV.