Trade office (Nasdaq: TTD) is a growth supply that I have had in my portfolio for many years. And this has increased by over 300% since the beginning of 2019, so I earned me money as a long -term investor.

However, it has recently become extremely unstable. After the profits in the first quarter in January, the price of shares dropped by 32% in one day. Then it drifted even lower, reaching the trough in April, and then almost doubling. It seemed that the trading office was coming back.

Until Friday (August 8), that is, when the supplies crashed almost 39%. It was the worst one -day autumn since the advertising company mentioned in 2016.

It gives me some dilemma. Should I buy more shares when they are downstairs? Or sell and go to a up-to-date occasion?

Strong quarter

The commercial office is a technology platform for advertising that helps companies buy digital ads. Customers operate their software to offer ads in real time on the Internet (websites, applications, television transmission, podcasts, etc.).

For example, Protein Protein company will gain more for a buck advertising for people listening to the podcast related to exercises. The commercial office uses data and artificial intelligence to immediately decide which advertisement places and at what price.

In the second quarter, revenues increased by 19% year on year to USD 694 million, ahead of the wider market of digital advertising and beating estimates. Corrected profit per share of USD 0.41.

The escalate in combined television (CTV) is still very sturdy, supported by partnerships with such as such DisneyIN YearAND Netflix.

Meanwhile, customers who have moved most of their budgets to Kokai, the up-to-date AI powered platform, spend more. All customers are expected to win to Kokai until the end of 2025.

What is the problem then?

Looking to the future to the third quarter, the management warned against the potential influence of tariffs. And he was guided in a 14% escalate from year to year (notable slowdown from previous quarters).

Perhaps a more solemn, competitive threat Amazon It seems to be intensifying. The buying platform of the technological giant’s demand places advertising on the Internet, not only on its own real estate (Amazon, Prime Video, Fire TV, Twitch, Kindle and in).

However, the General Director of Jeff Green claims that the proposal of the company’s value is the role of a neutral platform for advertisers to buy in “”Open Internet. “But he says Amazon, how Alphabet-Wera Google and FinishIf “Gardens surrounded by a wall“Which are interested in directing expenses for advertising on their own platforms (potentially creating conflicts of interest).

Green still thinks that the largest advertising market is open internet. In other words, he does not worry or even perceive Amazon as a potential partner.

My movement

So what am I doing? Well, I’m afraid of a competitive threat from Amazon. I am afraid that this may die some customers of the commercial office with lower fees, in particular the sale of advertising in CTV.

On the other hand, the shares are now commercial only 25 times next year of forecast profits. This is the cheapest that has ever been.

If the problems of the shopping desk are fleeting, this is attractive growth prices and may be worth considering. However, I will wait a few more quarters before I decide or buy more shares.