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Why is Taboola.com Ltd (TBLA) Stock down?

We've noticed a 5.09% decline in Taboola.com Ltd (TBLA) stock during the 2024-03-06 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
29 Nov, 2023:

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.

09 Oct, 2023:

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.

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