Yahoo Finance Live's Brian Sozzi discusses stock buybacks among Big Tech companies.
Shares of The Trade Desk (NASDAQ: TTD) moved sharply higher Wednesday, surging as much as 35.4%. The catalyst that sent the ad tech stock higher was the company's latest financial results, which were far better than many investors anticipated. While many digital advertisers were feeling the pressure of ad budgets being cut, The Trade Desk's second-quarter results showed no signs of the macroeconomic headwinds that have battered many of its contemporaries.
Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet Inc unit in 2015. In his first media interview since becoming chief executive of Google Fiber in February 2018, Dinni Jain told Reuters on Wednesday that his team was finally prepared to "add a little bit more build velocity" after over four years of sharpening operations. "There was an impression 10 years ago that Google Fiber was trying to build the entire country," Jain said.