AppLovin Stock Falls On Report Of SEC Probe

Highflying AppLovin (APP) stock plunged on Monday following a report that the Securities and Exchange Commission is investigating the mobile advertising tech company's data collection practices. The SEC is looking into allegations that AppLovin violated service agreements with platform partners to send more targeted advertising to consumers, Bloomberg reported, citing people familiar with the matter. The SEC has not accused AppLovin of committing any violations, the report said. Earlier in the day, Wedbush ...