Why is Taboola Com Ltd (TBLA) Stock down?
Shares of Tabola. com Ltd Stock (TBLA) dropped by 7.09% from $3.95 to $3.67 in the trading on Wednesday, November 29, 2023. The reason why TBLA is down today is due to Taboola's recent five-year agreement with NBCUniversal News Group. According to the announcement, NBCU News Group would continue to use Taboola's suite of products to enhance audience growth, user engagement, and revenue across its digital properties, including NBC News, CNBC, MSNBC, and TODAY. Meanwhile, Taboola played a crucial role in optimizing user experiences on multiple platforms for NBCU News Group, including apps, article pages, and homepages. Their offerings, including Taboola Feed, improved content recommendations and engagement. Although the announcement remarked a positive long-term potential for Tabola, investors were cautious, leading to a decline in TBLA stock's price.
Taboola.com Ltd. (TBLA) dropped by 5.65% from $4.07 to $3.84 in the trading on Monday October 9, 2023. The reasons why stock TBLA down today is due to conflict in the company's home country, Israel. Following Hamas’ devastating attacks on Israel and the retaliatory actions by Israel in Gaza, pressure is seen on U.S.-traded Israeli businesses.