AppLovin rejects short-seller claims of laundering ties as stock slides

Core Viewpoint - AppLovin Corp. has strongly denied allegations from a short seller regarding its connections to a multibillion-dollar money-laundering network, asserting that the claims about its technology and shareholder base are unfounded [1] Group 1 - The company is facing accusations from a short seller, which it categorically rejects [1] - AppLovin emphasizes that the allegations are baseless and aims to protect its reputation in the market [1] - The firm is committed to transparency and integrity in its operations, countering the negative narrative presented by the short seller [1]