Important Information for Investors of The Trade Desk, Inc. (TTD)
New York, NY – Rosen Law Firm, a global investor rights law firm, alerts investors of The Trade Desk, Inc. (NASDAQ: TTD) that the firm has filed a class action lawsuit on behalf of purchasers of The Trade Desk, Inc. Class A common stock between May 9, 2024 and February 12, 2025, both dates inclusive (the “Class Period”).
What is the Class Action Lawsuit About?
The lawsuit alleges that The Trade Desk, Inc. and certain of its officers and directors made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that:
- The Trade Desk, Inc. was experiencing significant headwinds in its business, including from Apple’s privacy changes, which were not being adequately addressed by the Company’s management;
- As a result of the foregoing, the Company’s financial statements for the periods in question were materially false and misleading at the time they were made.
What Does This Mean for Investors?
If you purchased The Trade Desk, Inc. Class A common stock during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The lead plaintiff deadline to file for this class action is April 21, 2025.
What is the Impact on the World?
The impact of this class action lawsuit extends beyond just the investors of The Trade Desk, Inc. The allegations made in the lawsuit bring attention to the increasing importance of data privacy and its impact on businesses, particularly those in the digital advertising industry. Apple’s privacy changes, which were a major factor in the lawsuit, have been a topic of debate and concern for many tech companies and investors. The outcome of this case could set a precedent for future litigation and regulatory action related to data privacy and its disclosure.
Conclusion
If you purchased The Trade Desk, Inc. Class A common stock during the Class Period and believe that you may be entitled to compensation, you may, no later than April 21, 2025, seek to be appointed as lead plaintiff in this class action. You may also continue to monitor the progress of the case. For more information, please contact Rosen Law Firm.
The allegations made in this class action lawsuit highlight the importance of data privacy and its impact on businesses and investors. As technology continues to evolve and regulations surrounding data privacy become more stringent, it is crucial for companies to be transparent and address any potential issues proactively to mitigate risks and protect shareholder value.
