TTD CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit On Behalf Of The Trade Desk, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Central District of California, captioned Savorelli v. The Trade Desk, Inc., et al., Case No. 25-cv-01915, on behalf of persons and entities that purchased or otherwise acquired The Trade Desk, Inc. (“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, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Investors are hereby notified that they have until April 21, 2025 to move the Court to serve as lead plaintiff in this action.

IF YOU SUFFERED A LOSS ON YOUR TRADE DESK INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

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 Class A common stock or call options, or sold put options during the Class Period, you may move the Court no later than April 21, 2025 to ask the Court to appoint you as lead plaintiff.

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:
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [e-mail]
Telephone: [phone],
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.

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