Why AppLovin Stock Sank 16% This Week

The digital advertiser has been hit with an SEC investigation.Shares of AppLovin (APP -3.88%) sank over 16% this week, according to data from S&P Global Market Intelligence. The fast-growing digital advertising company saw selling pressure due to a report from Bloomberg about an investigation into its data collection practices from the Securities and Exchange Commission (SEC).As of this writing at 2:08 p.m. ET on Friday, Oct. 10, AppLovin stock is down 16% this week. Here's the skinny on why the stock is fa ...