Kirby McInerney LLP Urges Investors in AppLovin Corporation (APP) to Inquire About Their Rights in Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against AppLovin Corporation for allegedly manipulating advertising data and inflating financial figures during the Class Period from May 10, 2023, to February 25, 2025 [1][3][4] Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the Northern District of California on behalf of investors who acquired AppLovin securities during the specified Class Period [1] - Investors have until May 5, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1] Group 2: Allegations Against AppLovin - Reports from Fuzzy Panda Research and Culper Research allege that AppLovin engaged in reverse engineering and exploitation of advertising data from Meta Platforms [3] - The company is accused of using manipulative practices to artificially inflate ad click-through and app download rates, including self-clicking ads and forced shadow downloads [3] - Following these allegations, AppLovin's share price dropped by $46.06, or approximately 12%, from $377.06 to $331.00 on February 26, 2025 [3] Group 3: Company Performance Claims - The complaint alleges that AppLovin provided misleading information regarding its financial growth and stability, particularly related to the launch of its AXON 2.0 digital ad platform and the use of AI technologies [4] - The company claimed to be enhancing the efficiency of matching advertisements to mobile games and expanding into web-based marketing and e-commerce [4]