Ad tech stocks are getting clobbered right now
Almost every public ad tech company's stock is getting clobbered right now. Why? It seems like investors are reacting to a poor showing in Q2 earnings from Millennial Media and YuMe. YuMe's co-founder and CEO Jayant Kadambi described his company's quarter as "disappointing." Revenue was flat, missing expectations, while EPS of $0.17 missed by $0.08.