Recent Security Class Actions

Direct Digital Holdings Inc. Class A Common Stock (NASDAQ: DRCT)

6 Days left to seek lead plaintiff status.

Company Name:Direct Digital Holdings Inc. Class A Common Stock
Stock Symbol:NASDAQ: DRCT
Class Period Start:04/17/2023
Class Period End (inclusive):03/25/2024
Filing Deadline:07/22/2024

The Complaint alleges that throughout the Class Period, Defendants made false and misleading statements, as well as failed to disclose material facts, including that: (1) the Company’s transition toward a “cookie-less” advertising environment was accelerated and would impact revenue in 2024; (2) the Company’s alternatives to third-party cookies, including planned investments in AI and machine learning to build on first-party data sources, would not be viable alternatives to third-party cookies and similar tracking technologies; (3) the Company did not have adequate solutions to address the impending phase out of third-party cookies by Google; and (4) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the effectiveness of Direct Digital’s platform and related financial results, growth, and prospects.

Direct Digital Holdings Inc. Class A Common Stock (NASDAQ: DRCT) Claim Form

This field is for validation purposes and should be left unchanged.