Applovin(APP) Prnewswire·2025-03-28 12:39Core 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 331.00 per share, representing a decline of $46.06 per share or 12% [5].