According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Trade Desk was experiencing significant, ongoing, self-inflicted execution challenges rolling out Kokai, a generative artificial intelligence (“AI”) forecasting tool that enables users to more effectively deploy advertising spending, including transitioning clients to Kokai from Trade Desk’s older platform Solimar;
- such execution challenges meaningfully delayed the Kokai Rollout;
- Trade Desk’s inability to effectively execute the Kokai Rollout negatively impacted Trade Desk’s business and operations, particularly revenue growth; and
- as a result of the above, defendants’ positive statements about Trade Desk’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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