Core Viewpoint - AppLovin's CEO Adam Foroughi responded to short-selling allegations from Muddy Waters Research, emphasizing the need for investors to critically evaluate the claims made against the company's AI-driven advertising technology [1][2]. Group 1: Allegations and Responses - Muddy Waters Research accused AppLovin of violating app stores' terms of service by improperly extracting proprietary IDs from major platforms like Meta, Snap, TikTok, Reddit, and Google [2]. - Foroughi argued that the complexity of AppLovin's technology leads to misunderstandings, suggesting that critics simplify the narrative to claim policy violations to explain the company's success [2][3]. - AppLovin's stock experienced a significant drop of 20% before rebounding by nearly 4% the following day [2]. Group 2: Legal and Market Reactions - In response to the short-selling reports, AppLovin engaged Alex Spiro from Quinn Emanuel for an independent review of the allegations, aiming to address misinformation tactics used by short sellers [3]. - Analysts at Loop Capital maintained a buy rating for AppLovin, setting a price target of $650, indicating confidence in the company's performance despite the negative reports [3][4]. - The company believes that accusations regarding faulty conversions and fraud can be easily disproven through discussions with performance marketers and measurement companies [4].

Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation for allegedly misleading investors about its financial growth and stability during the Class Period from May 10, 2023, to February 25, 2025 [1][3]. Company Overview - AppLovin Corporation is headquartered in Palo Alto, California, and develops a software-based platform for advertisers [2]. Allegations - The complaint claims that AppLovin and its senior management misled investors regarding the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies for ad matching [3]. - Reports from analysts Fuzzy Panda and Culper Research accused AppLovin of reverse-engineering and exploiting advertising data from Meta Platforms, as well as using manipulative practices to inflate ad click-through and app download rates [4]. Stock Impact - Following the emergence of these allegations on February 26, 2025, AppLovin's stock price fell from $377.06 per share to $331.00 per share, representing a decline of $46.06 per share or 12% [5].

Core Viewpoint - A class action securities lawsuit has been filed against AppLovin Corporation, alleging securities fraud that affected investors between May 10, 2023, and February 25, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that AppLovin's management provided misleading information regarding the company's financial growth and stability, particularly related to the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [2]. - Allegations include that AppLovin engaged in dishonest advertising practices, such as reverse engineering advertising data from Meta Platforms and manipulating ad click-through and app download rates [2]. - Following the revelation of these practices on February 26, 2025, AppLovin's stock price fell from $377.06 to $331.00 per share, indicating a significant loss for investors [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - AppLovin Corporation is facing a class action lawsuit for allegedly misleading investors about its advertising practices and financial performance during the specified class period from May 10, 2023, to February 25, 2025 [1][3]. Group 1: Lawsuit Details - The class action lawsuit, titled Quiero v. AppLovin Corporation, alleges that AppLovin and its executives violated the Securities Exchange Act of 1934 [1]. - Investors who purchased AppLovin securities during the class period have until May 5, 2025, to seek appointment as lead plaintiff [1][5]. - The lawsuit claims that AppLovin misrepresented the effectiveness of its AXON 2.0 digital ad platform and its AI technologies, leading to inflated installation and profit figures [3][4]. Group 2: Allegations Against AppLovin - The lawsuit alleges that AppLovin engaged in manipulative practices, including exploiting advertising data from Meta Platforms and using a "backdoor installation scheme" to inflate installation numbers [3][4]. - Following the emergence of analyst reports on February 26, 2025, which detailed these manipulative practices, AppLovin's share price dropped by over 12% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired AppLovin securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases [6]. - The firm has been recognized for its significant recoveries, including the largest securities class action recovery in history, amounting to $7.2 billion in the Enron case [6].

Core Viewpoint - AppLovin is facing significant scrutiny from short-selling firms regarding its advertising practices, which are alleged to violate app store rules and involve data extraction without user consent [1][3][6]. Company Performance - AppLovin's stock experienced a dramatic decline of 20% on a single day, marking its steepest drop on record, following negative reports from short-sellers [3][2]. - The stock price fell from $65.92 to close at $261.70, reflecting a 19% decrease in 2025 after a previous surge of over 700% in the prior year due to excitement around its AI technology [2][3]. Short-Selling Reports - Muddy Waters Research is the third firm to publish a report raising investor skepticism about AppLovin, claiming systematic violations of app store terms and unauthorized data extraction from major platforms [1][2]. - Previous critiques from Fuzzy Panda Research and Culper Research also targeted AppLovin's AXON software, which was linked to its earnings growth [4][6]. Churn Rate Analysis - Muddy Waters reported a churn rate of approximately 23% among e-commerce advertisers using AppLovin's services, contradicting claims from AppLovin's CEO that there has been no churn [7][8]. - The analysis involved tracking 776 advertisers and finding that many had removed AppLovin's AXON pixel from their websites, indicating a potential loss of clients [8][7]. Company Response - AppLovin's CEO defended the company's practices in a blog post, criticizing short-sellers for making misleading claims and asserting the sophistication of their AI models [5][6]. - The CEO highlighted that the timing of the short reports coincided with the company's earnings report, limiting their ability to respond immediately [6].

Core Viewpoint - AppLovin Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between May 10, 2023, and February 25, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that AppLovin's defendants misled investors regarding the company's financial growth and stability, particularly highlighting the launch of the AXON 2.0 digital ad platform and the use of advanced AI technologies [2] - Allegations include dishonest advertising practices, with reports emerging on February 26, 2025, that AppLovin was reverse engineering and exploiting advertising data from Meta Platforms [2] - Following the revelation of these practices, AppLovin's stock price dropped from $377.06 per share on February 25, 2025, to $331.00 per share on February 26, 2025 [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

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]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from May 10, 2023, to February 25, 2025, during which AppLovin allegedly provided investors with misleading information about its financial stability and growth [2]. - The complaint claims that AppLovin's executives expressed confidence in the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies, while engaging in dishonest advertising practices [2]. - Following the revelation of these practices on February 26, 2025, AppLovin's stock price fell from $377.06 to $331.00 per share, indicating a significant loss for investors [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action lawsuit by May 5, 2025, to potentially become lead plaintiffs and to receive updates on the case [3]. - There is no cost or obligation for shareholders to participate in the lawsuit, and they will be enrolled in a portfolio monitoring system for status updates [3]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ:APP) securities during the period from May 10, 2023, through February 25, 2025 (“the Class Period”). Investors have until May 5, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [LEAR ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In AppLovin To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in AppLovin between May 10, 2023 to February 25, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Faruqi ...

PHILADELPHIA, March 26, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ: APP) on behalf of purchasers of AppLovin securities between May 10, 2023 through February 25, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired AppLovin securities during the Class Period may, no later than MAY 5, 2025, seek to be appointed as a lead plaintiff ...