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RUBI - Why Shares of The Rubicon Project Were Crushed on Thursday
Rubicon Project
Shares of The Rubicon Project(NYSE: RUBI) were down sharply on Thursday, after the company reported earnings for the first quarter of 2020. The stock was volatile throughout much of the session, before ultimately finishing 11% lower for the day.
The Rubicon Project's Q1 reflected a challenging business environment due to the COVID-19 pandemic. But Wall Street may be overlooking some long-term tailwinds for the online advertising technology company.