Pomerantz Law Firm Notifies Investors of Trade Desk Class Action Lawsuit and Key Deadlines

Pomerantz Law Firm Initiates Class Action Against The Trade Desk, Inc.

On April 14, 2025, the Pomerantz Law Firm announced a class action lawsuit targeting The Trade Desk, Inc. (NASDAQ: TTD). Investors who have experienced financial losses related to their investment in The Trade Desk are strongly encouraged to reach out to the firm. This lawsuit addresses potential securities fraud and other unlawful business practices allegedly engaged in by The Trade Desk and certain executives.

Details of the Lawsuit

Affected investors have until April 21, 2025, to apply for the role of Lead Plaintiff in this class action. To participate, individuals must have purchased or acquired securities in The Trade Desk during the specified Class Period. Interested parties are advised to contact Danielle Peyton directly by emailing [email protected], calling 646-581-9980, or toll-free at 888-4-POMLAW, ext. 7980. Inquiries by email should include a mailing address, phone number, and the number of shares owned.

The class action stems from a concerning announcement made by The Trade Desk on February 12, 2025, when the company reported its financial results for Q4 and the full year of 2024. This announcement revealed that revenues for the fourth quarter totaled $741 million, a significant shortfall of both the company’s own guidance of $756 million and analyst expectations of $759.8 million. Furthermore, the company provided disappointing revenue guidance of at least $575 million for the first quarter of 2025, again below analysts’ predictions of $581.5 million.

CEO's Remarks and Market Reaction

During the earnings call that accompanied the financial report, CEO Jeffrey Green disclosed crucial information regarding the rollout of their much-touted ad-buying platform, Kokai. Green explained that Trade Desk was still in the process of maintaining two systems: Solimar, the older platform, and the newly established Kokai. This maintenance has slowed down the expected transition to Kokai, taking longer than anticipated. Green candidly acknowledged the delay, stating, “In some cases, the slower Kokai rollout was deliberate.”

This disappointing revelation prompted a considerable decline in The Trade Desk’s stock, which plummeted by $40.31 per share or 32.98%, closing at $81.92 on February 13, 2025. This sharp decline underscored the investors' alarm over the financial inconsistencies and operational shortcomings revealed during the earnings discussion.

About Pomerantz LLP

Pomerantz LLP has been recognized as one of the most prominent law firms specializing in corporate, securities, and antitrust class actions. Founded over 85 years ago by the late Abraham L. Pomerantz, the firm has set a firm precedent in securities class actions and continues to champion the rights of securities fraud victims, fiduciary duty breaches, and other corporate misconduct. Its history includes numerous multimillion-dollar recoveries for class members affected by corporate malpractice and fraud. To know more about Pomerantz LLP, visit their official site at www.pomlaw.com.

For Further Assistance: If you are an investor affected by these developments and wish to know more about your rights and options, do not hesitate to reach out to Pomerantz LLP. Make sure to act promptly to ensure your rights are protected before the approaching deadlines.