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Northern Genesis Acquisition Corp is a blank check company. The Company is formed for the purpose of effecting an initial business combination with one or more target businesses. It intends to focus on target business involved in the ownership, financing and management of societal infrastructure. It has generated no revenues.

Postmarket

Last Trade
Delayed
$33.58
0.10 (0.30%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$33.48
Day's Change
0.73 (2.23%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.25
Day's Low
31.36
Volume
(Above Average)
Volume:
8,507,080

10-day average volume:
7,179,326
8,507,080

Magnite Endorses Unified ID 2.0 Initiative and Announces Prototype Support

7:00 am ET November 16, 2020 (BusinessWire) Print

Magnite (NASDAQ: MGNI), the largest independent omnichannel sell-side advertising platform, announces its support of the open-source, interoperable identity solution, Unified ID 2.0, in collaboration with The Trade Desk and other companies across the digital advertising industry. Magnite will adopt Unified ID 2.0, an open source framework for hashing and encrypting email addresses, in order to create a common transaction fabric for digital advertising. Magnite's endorsement will also further promote publisher adoption of the solution.

"Magnite and The Trade Desk share the common belief that the next generation of identity needs to be open and ubiquitous, with consumer privacy, transparency and control at its core," said Tom Kershaw, Chief Technology Officer, Magnite. "We are firm supporters of Unified ID 2.0 as an identity solution that can work across all digital ecosystems. It's key that industry partners coalesce around an identity solution that's an upgrade to cookies and enables publishers of all sizes to build and maintain trust with their viewers."

Unified ID 2.0 also provides an opportunity for Magnite, The Trade Desk and other industry leaders, to further prove the value exchange of the open internet. Ad requests made utilizing Unified ID 2.0 will create more relevant advertising opportunities, which has shown to yield higher CPMs.

Benefits for publishers include:

Independence: An open identifier built on hashed email address means that publisher monetization will be less reliant on the whims of browsers and OEMs in the future. Control: The ID will enable a suite of options for participation that help publishers of all sizes maintain control of their data. This includes integration with existing publisher logins, as well as an open single sign-on and alternate SSO solutions. Trust: These standards will make it easy for publishers to build and maintain trust with their users. This includes aligning on a common approach for consent messaging and offering a reliable framework for user transparency and control. Openness: Unified ID 2.0 is based on an open source framework and will be consistent with, and work seamlessly with, prebid.js and prebid.server.

"We're seeing tremendous momentum around Unified ID 2.0 across all corners of the digital advertising industry, as we work together on a better, upgraded alternative to cookies," said Dave Pickles, Chief Technology Officer, The Trade Desk. "Together with Magnite and other industry leaders, we can create a better model for identity, one that gives more controls and transparency to both publishers and consumers, while preserving the value exchange of relevant advertising on the internet."

Unified ID 2.0 is being built in collaboration with leading industry associations and partners, and will be managed by an independent governing body. For more information about Unified ID 2.0, please visit the Unified ID solution site.

About Magnite

We're Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising platform that combines Rubicon Project's programmatic expertise with Telaria's leadership in CTV. Publishers use our technology to monetize their content across all screens and formats--including desktop, mobile, audio and CTV. And the world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in sunny Los Angeles, bustling New York City, historic London, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM and APAC.

About The Trade Desk

The Trade Desk is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005190/en/

SOURCE: Magnite

For more information, quotes or interview requests, contact: 

For Magnite:
Charlstie Veith
cveith@magnite.com

For The Trade Desk:
Patrick Wentling
PR@thetradedesk.com
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