Applovin(US:APP) Newsfilterยท2025-03-15 11:13Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against AppLovin Corporation for alleged violations of federal securities laws, encouraging affected investors to come forward before the May 5, 2025 deadline for lead plaintiff applications [1][3]. Group 1: Allegations Against AppLovin - The complaint alleges that AppLovin and its executives made false and misleading statements regarding the company's financial growth and stability, particularly concerning the launch of its AXON 2.0 digital ad platform and the use of AI technologies [3]. - Defendants reportedly provided optimistic financial results and guidance while engaging in dishonest advertising practices [3]. - The truth about AppLovin's practices emerged on February 26, 2025, when reports indicated that the company was reverse engineering advertising data from Meta Platforms and using manipulative tactics to inflate ad performance metrics [4]. Group 2: Stock Price Impact - Following the revelation of these practices, AppLovin's stock price fell from $377.06 per share on February 25, 2025, to $331.00 per share on February 26, 2025, reflecting a significant decline in investor confidence [5]. Group 3: Legal Proceedings - The lead plaintiff in the class action lawsuit will be the investor with the largest financial interest who is also representative of the class members, with the option for any class member to apply for this role [6]. - Faruqi & Faruqi encourages anyone with information regarding AppLovin's conduct, including whistleblowers and former employees, to reach out to the firm [7].