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Stock impact report

DIRECT DIGITAL ALERT: Bragar Eagel & Squire, P.C. is Investigating Direct Digital Holdings, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Direct Digital Holdings, Inc. (DRCT) 
Company Research Source: GlobeNewswire
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Direct Digital Holdings, Inc. (NASDAQ: DRCT) on behalf of long-term stockholders following a class action complaint that was filed against Direct Digital on May 23, 2024 with a Class Period from April 17, 2023 through March 25, 2024. Our investigation concerns whether the board of directors of Direct Digital have breached their fiduciary duties to the company. The suit alleges that throughout the Class Period, Defendants made false and misleading statements, as well as failed to disclose material facts, including 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 alterna Show less Read more
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