As Short Sellers Apologize, Should You Snap Up Embattled AppLovin Stock?

Short seller CapitalWatch did something you rarely see on Wall Street — it issued an apology. CapitalWatch retracted key portions of a January report that accused Hao Tang, a major AppLovin (APP) shareholder, of ties to criminal syndicates and money laundering operations. The move sent AppLovin shares soaring 14% as investors breathed a collective sigh of relief. "Descriptions asserting direct connections between Mr. Tang and Chen Zhi, Prince Group, Jin Bei Group, Tang Jun, and Yang Zhihui were inaccurat ...