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Law Offices of Frank R. Cruz Encourages The Trade Desk, Inc. (TTD) Investors To Inquire About Securities Fraud Class Action

Published a day ago via Business Wire

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased The Trade Desk (“Trade Desk” or the “Company”) (NASDAQ: TTD) Class A common stock or call options, or sold Trade Desk put options between May 9, 2024 and February 12, 2025. Trade Desk investors have until April 21, 2025 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOU’RE THE TRADE DESK INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On February 12, 2025, after the market closed, Trade Desk released its fourth quarter and full year 2024 financial results, revealing revenue of only $741 million. This significantly missed the Company’s prior guidance of “at least” $756 million issued only months earlier. In its earnings call held the same day, the Company also stated that its digital advertising platform, Kokai, “rolled out slower than [it] anticipated,” which was “in some cases” “deliberate,” as the Company faced ongoing efforts to “understand what the customer needs.” The Company further revealed that it had had “a series of small execution missteps” and had undergone the “largest reorganization in company history” in part, to address these issues.

On this news, the Company’s stock price fell $40.31, or 32.98%, to close at $81.92 per share on February 13, 2025, on unusually heavy trading volume.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company was experiencing self-inflicted execution challenges in rolling out Kokai, including transitioning clients from the Company’s older platform and struggling to understand customer needs; (2) that the Company had “in some cases” deliberately slowed the release of Kokai; (3) that, as a result of the foregoing, the Company’s rollout of Kokai was meaningfully delayed; (4) that Trade Desk’s inability to effectively execute the rollout of Kokai negatively impacted the Company’s revenue growth; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased or otherwise acquired Trade Desk securities during the Class Period, you may move the Court no later than April 21, 2025 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us at:

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Telephone: 310-914-5007

Email: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Frank R. Cruz Encourages The Trade Desk, Inc. (TTD) Investors To Inquire About Securities Fraud Class Action

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