DRCT - DRCT STOCKHOLDERS: Lead Plaintiff Deadline Approaching in Direct Digital Holdings Inc. Class Action; Contact Robbins LLP | Benzinga
SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) --
Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Direct Digital Holdings, Inc. (NASDAQ:DRCT) common stock between April 17, 2023 and March 25, 2024. Direct Digital is an end-to-end, full-service programmatic advertising platform that provides advertising technology, data-driven campaign optimization, and other solutions to markets on both the buy- and sell-side of the digital advertising ecosystem.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Direct Digital Holdings, Inc. (DRCT) Misled Investors Regarding its Financial Prospects
According to the complaint, during the class period, defendants failed to disclose 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 ...