Welcome to our dedicated page for Direct Digital Holdings news (Ticker: DRCT), a resource for investors and traders seeking the latest updates and insights on Direct Digital Holdings stock.
Direct Digital Holdings, Inc. (DRCT) operates at the forefront of programmatic advertising technology, connecting advertisers with audiences through its integrated buy-side and sell-side platforms. This news hub provides investors and industry professionals with essential updates on DRCT developments, from strategic partnerships to technological advancements shaping digital marketing.
Access authoritative reporting on earnings announcements, platform innovations like Colossus SSP updates, and initiatives advancing transparency in digital media auctions. Our curated collection ensures you stay informed about DRCT milestones including multicultural market expansions, AI-driven advertising solutions, and participation in industry standards development.
Discover press releases detailing DRCT's operational achievements across display, CTV, and in-app advertising channels. Track progress in key sectors like healthcare and financial services marketing, supported by Orange 142 and Huddled Masses platform enhancements. Regular updates reflect the company's commitment to advertiser ROI and data-driven campaign optimization.
Bookmark this page for continuous access to DRCT's evolving role in the advertising technology landscape. Verify facts through primary source documents while gaining insights into how the company navigates programmatic advertising trends and market demands.
Direct Digital Holdings (Nasdaq: DRCT) has appointed BDO USA, P.C. as its new independent registered public accounting firm, effective June 10, 2024. BDO, a top-five global accounting firm with over 12,000 professionals in 75 U.S. offices, succeeds Marcum LLP. Diana Diaz, CFO of Direct Digital Holdings, highlighted BDO's expertise in the advertising technology sector as a key reason for their selection. The company aims to enhance its financial reporting and corporate governance, returning to a normal schedule for quarterly and annual filings soon. Direct Digital Holdings operates through subsidiaries Colossus SSP, Huddled Masses, and Orange 142, managing over 115,000 clients monthly and generating 326 billion impressions per month.
Direct Digital Holdings announced that it received a delinquency notification from the Nasdaq on May 21, 2024, due to a delay in filing its quarterly report for Q1 2024. This follows an earlier notification on April 17, 2024, for failing to file its annual report for 2023 on time. The company must submit a compliance plan by June 17, 2024, and, if accepted, could have until October 14, 2024, to regain compliance. As of now, this non-compliance has no immediate effect on the listing or trading of its stock (symbol: DRCT) on the Nasdaq Capital Market. The company is working to file the delayed reports as soon as possible.
Colossus SSP, an inclusive supply-side advertising platform and part of Direct Digital Holdings (Nasdaq: DRCT), has filed a civil lawsuit against Adalytics Research for defamation, injurious falsehood, and false advertising. The legal action follows Adalytics' publication of a paper on May 10, 2024, that accused Colossus SSP of manipulating digital data for financial gain. Colossus SSP asserts that these claims are false and that the paper has damaged its reputation and business operations. The lawsuit highlights that Colossus SSP does not control customer ID data directly and works with intermediaries that manage such transactions. The company also argues that Adalytics did not engage with them before publishing the paper, leading to substantial financial and reputational harm. Colossus SSP aims to clear its name and demonstrate its commitment to ethical business practices.
FAQ
What is the current stock price of Direct Digital Holdings (DRCT)?
What is the market cap of Direct Digital Holdings (DRCT)?
