Levi & Korsinsky Notifies AppLovin Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – APP

Core Viewpoint - AppLovin Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between May 10, 2023, and March 26, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that AppLovin's defendants misled investors regarding the company's financial growth and stability, particularly highlighting the launch of the AXON 2.0 digital ad platform and the use of advanced AI technologies [2] - Allegations include that AppLovin engaged in dishonest advertising practices, such as reverse engineering advertising data from Meta Platforms and manipulating ad metrics to inflate performance figures [2] - Following the revelation of these practices on February 26, 2025, AppLovin's stock price dropped from $377.06 to $331.00 per share, indicating a significant loss for investors [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4]