CLASS ACTION NOTICE: Berger Montague Advises AppLovin (NASDAQ: APP) Investors to Inquire About a Securities Fraud Class Action
ApplovinApplovin(US:APP) GlobeNewswire News Room·2025-03-26 15:44

Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation for alleged manipulative practices and exploitation of advertising data, leading to a significant decline in stock price [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of purchasers of AppLovin securities from May 10, 2023, to February 25, 2025 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against AppLovin - Analysts have accused AppLovin of reverse-engineering advertising data from Meta Platforms and inflating ad click-through and app download rates [3]. - The reports suggest that AppLovin presented false installation numbers and profits through these practices [3]. Group 3: Stock Price Impact - Following the allegations, AppLovin's stock price fell from $377.06 on February 25, 2025, to $331.00 on February 26, 2025, marking a decline of $46.06 per share, or 12% [4].