Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, May 31, 2024 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Direct Digital Holdings (Nasdaq: DRCT) investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired shares.

Investors who purchased and/or sold shares between April 17th 2023 and March 24th 2024 are advised to visit our website.

The suit alleges that Defendants made false and misleading statements, including that the Company’s transition toward a “cookie-less” advertising environment was accelerated and would impact revenue in 2024 and 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. When the truth emerged, Direct Digital shares fell significantly, damaging investors according to the allegations of the suit.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
Attorney Advertising

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