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TTD INVESTOR NOTICE: The Trade Desk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
TTDThe Trade Desk(TTD) Prnewswire·2025-02-25 21:10

Core Viewpoint - The Trade Desk, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to the rollout of its AI forecasting tool, Kokai, which has reportedly encountered significant execution challenges [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled "United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 WBPA Fund v. The Trade Desk, Inc." and allows purchasers of Class A common stock between May 9, 2024, and February 12, 2025, to seek appointment as lead plaintiff by April 21, 2025 [1][5]. - The lawsuit alleges that Trade Desk made false or misleading statements regarding the rollout of Kokai, claiming that the company faced self-inflicted execution challenges that delayed the rollout and negatively impacted business operations and revenue growth [3][4]. Group 2: Financial Performance and Impact - On February 12, 2025, Trade Desk reported fourth quarter revenue of 741million,whichwasbelowitsguidanceof741 million, which was below its guidance of 756 million and analysts' estimates of 759.8million.Additionally,therevenueguidanceforthefirstquarterof2025wasatleast759.8 million. Additionally, the revenue guidance for the first quarter of 2025 was at least 575 million, missing analysts' estimates of $581.5 million [4]. - Following the announcement of these financial results, the price of Trade Desk Class A common stock fell by more than 32% [4]. Group 3: Company Background - Trade Desk operates as a technology company providing a self-service, cloud-based ad-buying platform, and launched Kokai on June 6, 2023, to enhance advertising spending efficiency [2][3].