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TTD CLASS ACTION ALERT: Lose Money when Trade Desk, Inc. Plummeted 31%? Contact BFA Law about the Class Action Lawsuit
TTDThe Trade Desk(TTD) GlobeNewswire News Room·2025-03-10 12:33

Core Viewpoint - A lawsuit has been filed against The Trade Desk, Inc. and its senior executives for potential violations of federal securities laws, alleging securities fraud related to the company's performance and statements about its new platform, Kokai [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Trade Desk common stock [2]. - Investors have until April 21, 2025, to request to be appointed to lead the case [2]. Group 2: Company Performance and Allegations - Trade Desk is accused of misleading investors by claiming "massive benefits" from the launch of its Kokai platform while facing execution challenges that delayed its rollout and negatively impacted business operations and revenue growth [3]. - The company reported disappointing fourth-quarter 2024 revenue of 741million,whichwasbelowitsguidanceof"atleast"741 million, which was below its guidance of "at least" 756 million, leading to a stock price decline of over 30% on February 13, 2025 [4].