MONDAY INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that AppLovin Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - APP

Core Viewpoint - The AppLovin Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its advertising platform and engaged in manipulative practices to inflate its performance metrics [1][4][5]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Quiero v. AppLovin Corporation, Inc., is open to purchasers of AppLovin securities from May 10, 2023, to February 25, 2025, with a deadline for lead plaintiff applications set for May 5, 2025 [1][6]. - The lawsuit alleges that AppLovin's executives created a false impression of the effectiveness of their AXON 2.0 digital ad platform and AI technologies, claiming they would enhance ad matching and expand into new markets [4][5]. - On February 26, 2025, reports surfaced alleging that AppLovin was reverse engineering advertising data from Meta Platforms and using manipulative tactics to inflate ad performance metrics, leading to a more than 12% drop in share price [5]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired AppLovin securities during the class period to seek appointment as lead plaintiff, representing the interests of the class [6]. - The lead plaintiff has the authority to select a law firm for litigation, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [6]. Group 3: Company Background - AppLovin is a software-based platform designed for advertisers to improve marketing and monetization of content [3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized as a leading firm in securities fraud cases, having recovered $6.6 billion for investors in related class action cases [7].