Applovin(US:APP) Prnewswireยท2025-04-29 12:43Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation for alleged manipulative practices and violations of advertising data usage, impacting the company's stock performance significantly during the class period from May 10, 2023, to March 26, 2025 [1][3]. Company Overview - AppLovin Corporation is headquartered in Palo Alto, California, and operates a software-based platform for advertisers [2]. Allegations and Impact - Reports from analysts Fuzzy Panda and Culper Research on February 26, 2025, accused AppLovin of reverse-engineering and exploiting advertising data from Meta Platforms, leading to inflated ad click-through and app download rates [3]. - Following these allegations, AppLovin's stock price dropped from $377.06 per share on February 25, 2025, to $331.00 per share on February 26, 2025, marking a decline of $46.06 per share, or 12% [4]. - On March 26, 2025, Muddy Waters Research published further allegations regarding AppLovin's use of proprietary third-party data, which could violate terms of service of major platforms like Facebook and Google, threatening the company's revenue growth sustainability [5]. - The stock price fell again by $65.92 per share, or 20%, from a close of $327.62 per share on March 26, 2025, to $261.70 per share on March 27, 2025 [6].