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APPLOVIN ALERT: Bragar Eagel & Squire, P.C. is Investigating AppLovin Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
APPApplovin(APP) GlobeNewswire News Room·2025-05-08 01:00

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against AppLovin Corporation due to a class action lawsuit alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations of Misconduct - The class action lawsuit claims that AppLovin misrepresented the effectiveness of its AXON 2.0 digital ad platform and AI technologies, suggesting they would enhance ad matching and expand into new markets [2] - It is alleged that AppLovin engaged in manipulative practices, including exploiting advertising data from Meta Platforms and implementing a "backdoor installation scheme" to inflate installation numbers and profit figures [2] - Reports from analysts on February 26, 2025, indicated that AppLovin was reverse engineering Meta's advertising data and using deceptive tactics to artificially boost ad click-through and app download rates, leading to a significant drop in share price by over 12% [3]