Magnite (MGNI) solved the riddle of how to challenge the whales (Google, Facebook, Amazon) by operating as an independent representative with their supply side platform for digital publishers outside of the three major walled gardens. They did it. They are matching Trade Desk’s (TTD) demand side platform by sitting on the opposite end of the ad exchange. Somehow their share price has taken a massive dip lately and is hovering at just above a $4B market cap. By my estimate Magnite is going to 5X-7X by end-of-year and could easily be a $100B+ market cap in 5 years (25X). Their next earnings report is Monday May 10th after closing bell.
(don’t sleep on this one)
“The two most powerful warriors are patience and time.” -Leo Tolstoy