Faruqi & Faruqi Reminds AppLovin Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - APP

Core 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 in a federal class action lawsuit [2][4]. 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 [4]. - It is claimed that AppLovin reported impressive financial results while engaging in dishonest advertising practices, which misled investors about the company's actual performance [4]. Group 2: Impact of the Allegations - The truth about AppLovin's practices emerged on February 26, 2025, when reports indicated that the company was reverse engineering and exploiting advertising data from Meta Platforms, leading to manipulative practices that inflated ad click-through and app download rates [5]. - 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 [6]. Group 3: Legal Proceedings - The role of the lead plaintiff in the class action is to represent the interests of the class members, and any member can apply to serve as lead plaintiff or remain an absent class member without affecting their ability to recover [7]. - Faruqi & Faruqi encourages anyone with information regarding AppLovin's conduct, including whistleblowers and former employees, to come forward to assist in the investigation [8].