AppLovin Corporation Class Action: The Gross Law Firm Reminds AppLovin Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 – APP

Core Viewpoint - The Gross Law Firm is notifying shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that AppLovin's management provided investors with misleading information about the company's financial stability and growth, particularly regarding the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [3]. - It is claimed that AppLovin engaged in dishonest advertising practices, including reverse engineering advertising data from Meta Platforms and manipulating ad metrics to inflate click-through and app download rates [3]. Stock Price Impact - Following the revelation of these practices on February 26, 2025, AppLovin's stock price dropped from $377.06 per share to$331.00 per share, reflecting a significant decline in investor confidence [3]. Class Action Details - The class period for the lawsuit is defined as May 10, 2023, to February 25, 2025, and shareholders are encouraged to register for participation by May 5, 2025 [4]. - Shareholders who register will receive updates on the case's progress through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].