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TTD Stockholders with Large Losses Should Contact Robbins LLP for Information About How to Lead the Class Action Against The Trade Desk, Inc.
TTDThe Trade Desk(TTD) Prnewswire·2025-03-05 03:30

Core Viewpoint - A class action lawsuit has been filed against The Trade Desk, Inc. for allegedly misleading investors about its business prospects during a specific period, particularly regarding the rollout of its new platform, Kokai [1][2]. Group 1: Allegations and Challenges - The lawsuit claims that The Trade Desk failed to disclose significant execution challenges related to the Kokai rollout, which included difficulties in transitioning clients from the older platform, Solimar [2]. - These execution challenges reportedly delayed the Kokai rollout and negatively impacted the company's business operations and revenue growth [2]. - The positive statements made by the company regarding its business and prospects were deemed materially false and misleading due to these undisclosed challenges [2]. Group 2: Financial Performance - On February 12, 2025, The Trade Desk reported fourth quarter revenue of 741million,whichwasbelowitsguidanceof741 million, which was below its guidance of 756 million and analysts' estimates of 759.8million[3].Thecompanysrevenueguidanceforthefirstquarterof2025wasatleast759.8 million [3]. - The company's revenue guidance for the first quarter of 2025 was at least 575 million, missing analysts' expectations of 581.5million[3].FollowingtheannouncementoftheseresultsandtheacknowledgmentoftheslowerKokairollout,thestockpricedroppedby581.5 million [3]. - Following the announcement of these results and the acknowledgment of the slower Kokai rollout, the stock price dropped by 40.31, or over 32%, from 122.23to122.23 to 81.92 per share [3].