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INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against The Trade Desk, Inc. (NASDAQ: TTD); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
TTDThe Trade Desk(TTD) GlobeNewswire News Room·2025-03-26 21:53

Core Viewpoint - A class action lawsuit has been filed against The Trade Desk, Inc. for alleged violations of federal securities laws during the class period from May 9, 2024, to February 12, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that The Trade Desk and certain senior executives made materially false and misleading statements regarding the company's business and operations [5]. - Allegations include significant execution challenges in the rollout of the Kokai platform, which was delayed and negatively impacted revenue growth [5][6]. - Investors have until April 21, 2025, to seek appointment as lead plaintiff in the class action lawsuit [2]. Group 2: Financial Impact - The truth about the Kokai rollout challenges emerged on February 12, 2025, when the company reported its fourth quarter and full year 2024 financial results, leading to a significant stock price drop of over 32% [6]. - Following the earnings call, analysts from Wedbush Securities reduced their price targets for Trade Desk, attributing the revenue miss to execution mistakes, including the delayed rollout of Kokai [6]. Group 3: Company Background - The Trade Desk is a global advertising technology company that provides an ad-buying platform for marketers to manage and optimize advertising campaigns [4]. - The Kokai platform, launched in June 2023, is a generative AI tool aimed at improving the prediction of advertising spending benefits [4].