Bragar Eagel & Squire, PC remembers

NEW YORK, May 27, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed against Direct Digital Holdings, Inc. (“Direct Digital” or the “Company”) (NASDAQ: DRCT) in the U.S. District Court for the Southern District of Texas on behalf of all persons and entities who purchased or otherwise acquired shares of Direct Digital common stock between April 17, 2023 and March 25, 2024, both dates inclusive (the “Class Period”). Investors have until July 22, 2024 to request that the Court appoint them as lead plaintiff in the lawsuit.

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The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose material facts, including: (1) the Company’s transition to a “cookieless” advertising environment was accelerating and would impact revenue in 2024; (2) 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; (3) the Company did not have adequate solutions to respond to Google’s impending elimination of third-party cookies; and (4) based on the foregoing, Defendants lacked a reasonable basis for their positive statements regarding the effectiveness of Direct Digital’s platform and related financial results, growth and prospects.

If you purchased or otherwise acquired Direct Digital stock and suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions about this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by phone at (212) 355-4648, or by completing this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the firm, visit www.bespc.com. Attorney advertising. Past results do not guarantee similar results.

Contact information:

Bragar Eagle & Squire, PC
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com