Digital Turbine, a company that helps other companies with their ads and apps, had a rough week! Its stock price went down a lot because of some bad news.
Here's what happened: A big Chinese company, Baidu, showed lower sales, which worried investors about the whole advertising world. Digital Turbine also had lower sales itself, even though it was still better than expected.
Plus, news about the economy made people sell stocks in general.
- Baidu, a huge Chinese company, had lower sales.
- Digital Turbine's sales were also down, but still better than expected.
- Worries about the economy made investors sell many stocks.
| Fact | Number |
|---|---|
| Digital Turbine stock price drop this week | 31.7% |
| Digital Turbine sales drop (year over year) | 6% |
| Baidu's digital marketing sales drop (year over year) | 7% |
| Digital Turbine stock increase last month | 96% |
