Two ad tech companies, Rubicon Project and Telaria, merged to create a new company called Magnite (NASDAQ: MGNI) last April.
If you had invested $1,000 in Magnite's stock right after the merger closed, your stake would be worth over $5,500 today. It would also have been worth as much as $13,700 back in February before its rally ran out of steam.
Let's take a look back at Magnite's meteoric rise, its year-long decline, and where this divisive ad tech stock might be headed in the future.
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If You'd Invested $1,000 in Magnite in 2020, This Is How Much You Would Have Today