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Stock impact report

DRCT Investors Have Opportunity to Lead Direct Digital Holdings, Inc. Securities Fraud Lawsuit

Direct Digital Holdings, Inc. (DRCT) 
Company Research Source: PR Newswire
BENSALEM, Pa., June 21, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Direct Digital Holdings, Inc. ("Direct Digital" or the "Company") (NASDAQ: DRCT).Class Period: April 17, 2023 – March 25, 2024Lead Plaintiff Deadline: July 22, 2024Investors suffering losses on their Direct Digital investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-638-4847 or by email to howardsmith@howardsmithlaw.com.The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors 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 Show less Read more
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