Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Direct Digital Holdings, Inc. (DRCT)

LOS ANGELES, June 18, 2024 (GLOBE NEWSWIRE) -- On this news, Direct Digital's stock price fell $10.47, or 39.5%, to close at $16.04 per share on March 27, 2024, thereby injuring investors. On March 26, 2024, Direct Digital released its fourth quarter and full year 2023 financial results, missing revenue growth estimates due to "efforts . . . to accelerate the transition towards a cookie-less advertising platform." Then, on April 2, 2024, Direct Digital disclosed that a material weakness had been "identified ...