Core Viewpoint - The Gross Law Firm is notifying shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that AppLovin's management provided investors with misleading information about the company's financial stability and growth, particularly regarding the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [3]. - It is claimed that AppLovin engaged in dishonest advertising practices, including reverse engineering advertising data from Meta Platforms and manipulating ad metrics to inflate click-through and app download rates [3]. Stock Price Impact - Following the revelation of these practices on February 26, 2025, AppLovin's stock price dropped from $377.06 per share to $331.00 per share, reflecting a significant decline in investor confidence [3]. Class Action Details - The class period for the lawsuit is defined as May 10, 2023, to February 25, 2025, and shareholders are encouraged to register for participation by May 5, 2025 [4]. - Shareholders who register will receive updates on the case's progress through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

Summary of Key Points Core Viewpoint - The excitement surrounding Nvidia is diminishing, with its shares down 19% since the start of 2025, attributed to high valuation, economic concerns, tariffs, and potential tech spending slowdowns [1]. Nvidia Performance - Over the past 12 months, Nvidia's stock has only risen by 20%, which is lower than expected given the growth opportunities in AI [2]. Comparison with Other Stocks - Summit Therapeutics has seen a remarkable increase of 366%, driven by the anticipation of its cancer drug ivonescimab, despite not having an approved product [3][4]. - Rocket Lab USA's stock has increased by 335%, with a revenue growth of 78% to $436 million and a 60% increase in launches [8]. - AppLovin's stock has risen by 283%, with a revenue growth of 43% to over $4.7 billion, but faces scrutiny from short sellers [12][14]. Summit Therapeutics - The high valuation of Summit Therapeutics at over $14 billion is based on the potential approval of ivonescimab, which has shown promising trial results [4][5]. - The drug's approval is uncertain as the trial was conducted in China, raising concerns about its safety and effectiveness for a diverse population [6]. Rocket Lab USA - Rocket Lab achieved 16 launches in 2024, marking a 60% increase, and is preparing for the launch of its larger Neutron rocket [8][9]. - Despite strong growth, Rocket Lab is not yet profitable, incurring losses of over $190 million last year, and has a market cap exceeding $8 billion [10]. AppLovin - AppLovin's growth has been hindered by negative reports from short sellers, although it has shown significant revenue growth and net income increase [13][14]. - The company's high valuation of over $90 billion raises concerns, especially in light of potential economic slowdowns due to tariffs and trade wars [15].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][2]. Summary by Sections Allegations - The complaint alleges that AppLovin's executives provided investors with misleading information about the company's financial stability and growth, particularly regarding the launch of the AXON 2.0 digital ad platform and the use of advanced AI technologies [1]. - It is claimed that AppLovin engaged in dishonest advertising practices, including reverse engineering advertising data from Meta Platforms and manipulating ad metrics to inflate click-through and app download rates [1]. - Following the revelation of these practices, AppLovin's stock price fell from $377.06 on February 25, 2025, to $331.00 on February 26, 2025, indicating a significant loss in shareholder value [1]. Next Steps for Shareholders - Shareholders who purchased AppLovin shares during the specified class period (May 10, 2023, to February 25, 2025) are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that artificially inflated stock prices [3].

Company Performance - AppLovin's stock has surged by more than 293% over the last 12 months, despite a recent pullback of nearly 50% from its recent highs [2][3] - Over a two-year period, AppLovin's stock has skyrocketed by more than 1,700%, increasing from around $15/share to over $270/share [3] - The company's revenue has grown from $2.8 billion to more than $4.7 billion over the last three years [5] Industry Trends - AppLovin's business model focuses on connecting developers, advertisers, and organizations through programmatic, AI-powered advertising, which is a rapidly expanding field [3][4] - There is a significant shift in advertising dollars from traditional media to digital platforms, driven by increased consumer engagement with streaming services, online shopping, and mobile apps [4] Future Outlook - Analysts expect AppLovin to generate $5.7 billion in revenue in 2025, representing a 21% year-over-year growth, which is a slowdown compared to the 44% growth seen in the last year [6] - Concerns have been raised regarding allegations from short-selling companies that AppLovin's software may violate app store terms by improperly collecting information [7] - While the overarching trends in digital advertising, streaming TV, and AI technology remain positive, there are questions about whether AppLovin can sustain high revenue growth expectations [8][9]

SAN DIEGO, April 02, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of AppLovin Corporation (NASDAQ: APP) securities between May 10, 2023 and February 25, 2025, inclusive (the "Class Period"), have until Monday, May 5, 2025 to seek appointment as lead plaintiff of the AppLovin class action lawsuit. Captioned Quiero v. AppLovin Corporation, Inc., No. 25-cv- 02294 (N.D. Cal.), the AppLovin class action lawsuit charges AppLovin as well as certain of AppLovin's ...

Core Viewpoint - Amazon and AppLovin have made acquisition offers for TikTok, joining other potential buyers like Oracle and Microsoft, as the deadline for TikTok to sell to an American company or face a ban approaches on April 5 [1][4]. Group 1: Acquisition Offers - Amazon's offer is for the entirety of TikTok, but some parties involved in negotiations reportedly do not take Amazon's bid seriously [1]. - AppLovin has also made an offer for TikTok and has discussed backing the bid with billionaire casino magnate Steve Wynn [2]. - AppLovin has indicated to the Trump administration that it could address national security concerns if it owned TikTok [3]. Group 2: National Security Concerns - The Trump administration is focused on finalizing a deal that addresses national security concerns related to TikTok, with discussions ongoing among key officials [4][5]. - The law mandating TikTok's sale or ban was signed by former President Joe Biden due to bipartisan national security concerns regarding data privacy and potential spying by China [7]. Group 3: Other Potential Buyers - In addition to Amazon and AppLovin, Oracle is considered a leading suitor for TikTok, with discussions about a deal that would give Oracle oversight of TikTok's U.S. data [6]. - Other interested parties include Walmart, video-sharing platform Rumble, Perplexity AI, YouTuber MrBeast, and billionaire Frank McCourt's Project Liberty [6].

Core Viewpoint - AppLovin is in negotiations to potentially acquire TikTok, with the Trump administration aware of this interest [1][2] Group 1: Company Developments - AppLovin shares experienced a brief increase of approximately 5% following the news of its interest in TikTok, although most gains were later lost [2] - AppLovin has not provided an immediate comment regarding the acquisition discussions [2] Group 2: Industry Context - TikTok faces a potential ban in the U.S. by April 5 due to a national security law requiring its Chinese parent company, ByteDance, to divest its American operations [3] - The original deadline for ByteDance to sell TikTok was January 19, but an executive order from Trump extended this deadline by 75 days [3]

The broader U.S. equity markets witnessed intense volatility over the past few trading days as President Trump’s tariff war took its toll. The off-again-on-again 20% blanket tariff threat against most imports to the country has sent the stocks on a roller-coaster ride. To add to the woes, the Institute for Supply Management’s manufacturing index declined 1.3 points in March to 49, implying a contraction in the U.S. factory activity as the drumbeat of higher tariffs reverberated through the economy.   Howeve ...

SAN FRANCISCO, April 2, 2025 /PRNewswire/ -- On March 27, 2025, investors in AppLovin (NASDAQ: APP) saw the price of their shares drop $65.92, wiping out about $20 billion of the company's market value, after prominent short seller Muddy Waters Research revealed its short position in the stock.Muddy Waters' report comes on the heels of a recently filed securities class action lawsuit, captioned Quiero v. AppLovin Corporation, et al., No. 4:25-cv-02294 (N.D. Cal.). The suit seeks to represent investors who p ...