After checking recent blog entries (and hearing feedback from a reader) I’m realizing I sound like a broken record: the ad tech market is getting crushed; now is a great time to buy; hold on tight for the rebound. The current situation of this macro sell off is stressful and I need to take a pause from posting. Call it a two week challenge. And with this break I’ll do a mini-experiment with ten absurdly discounted companies and see where they are in two weeks time (ten trading days). I can’t imagine they will be lower than where we’re at today… but one thing I can say for certain is I’ve been consistently wrong on when we’ve hit bottom.
Puma Biotech (PBYI) $98M
Viant Tech (DSP) $422M
Perion (PERI) $843M
PubMatic (PUBM) $1.2B
fuboTV (FUBO) $1.6B
Magnite (MGNI) $1.7B
DoubleVerify (DV) $3.7B
Digital Turbine (APPS) $3.8B
Roku (ROKU) $20.4B
Trade Desk (TTD) $28.6B
It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. “ – Mark Twain