AppLovin demands short-seller CapitalWatch retract 'conspiratorial' report

AppLovin sent a cease and desist letter to CaptialWatch Monday, claiming the short-seller's report that the company "serves as a 'digital laundromat' for criminal syndicates" is defamatory and baseless."Your respective 'reports' contain numerous absurd and demonstrably false statements of purported fact about AppLovin," the letter states, calling the findings "conspiratorial musings."The letter demanded that CapitalWatch retract its 35-page report published last week, as well as follow-up statements. The sh ...