Core Viewpoint - Wolf Haldenstein Adler Freeman & Herz LLP is investigating claims of securities fraud against AppLovin Corporation, following allegations of ad fraud and violations of data privacy regulations [1][3]. Company Overview - AppLovin Corporation is a mobile technology company based in Palo Alto, California, founded in 2012, that provides marketing, monetization, analytics, and publishing services for app developers through platforms like MAX, AppDiscovery, and SparkLab [2]. Allegations and Investigations - A report by Fuzzy Panda Research claims that AppLovin engaged in ad fraud, stole data from Meta, and violated Google and Apple's app store policies by tracking children and serving inappropriate ads [3]. - The report highlights that AppLovin's click-through rates are reported to be 30-40%, significantly higher than the industry average, suggesting potential fraudulent activity [3]. - The investigation by Wolf Haldenstein is focused on whether AppLovin and its executives have engaged in securities fraud related to these allegations [1][3]. Market Reaction - Following the release of the allegations, AppLovin's stock price fell from $377.06 on February 25, 2025, to $331.00, marking a decline of over 12% [4].