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Stock impact report

Direct Digital Holdings Inc. Investors Notice: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm

Direct Digital Holdings, Inc. (DRCT) 
Company Research Source: GlobeNewswire
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, June 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Direct Digital Holdings (Nasdaq: DRCT) investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired shares. Investors who purchased and/or sold shares between April 17th 2023 and March 24th 2024 are advised to visit our website. The suit alleges that Defendants made false and misleading statements, including that the Company’s transition toward a “cookie-less” advertising environment was accelerated and would impact revenue in 2024 and 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. When the truth emerged, Direct Digital shares fell significantly, damaging investors accord Show less Read more
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