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AppLovin: Now It's Time To Jump In (Rating Upgrade)
Seeking Alpha· 2025-03-11 10:05
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INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages AppLovin (NASDAQ: APP) Shareholders with Losses to Contact the Firm
GlobeNewswire News Room· 2025-03-11 10:00
SAN FRANCISCO, March 11, 2025 (GLOBE NEWSWIRE) -- Girard Sharp, LLP, a national investment, securities, and consumer class action firm, is investigating potential securities claims on behalf of AppLovin (NASDAQ: APP) shareholders.   If you are an AppLovin shareholder who purchased or acquired AppLovin securities between May 10, 2023 and February 25, 2025 and sustained $100,000 or more in losses through your AppLovin investments, please fill out this form, email apolk@girardsharp.com, or call (866) 981-4800 ...
Shareholders of AppLovin Corporation Should Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights - APP
Prnewswire· 2025-03-10 09:45
Core Viewpoint - AppLovin Corporation is facing allegations of misleading investors regarding its financial growth and stability, particularly related to its AXON 2.0 digital ad platform and advertising practices [2][4]. Group 1: Allegations and Financial Impact - The class period for the allegations against AppLovin is from May 10, 2023, to February 25, 2025 [2]. - Defendants allegedly provided false information about AppLovin's financial performance and growth, claiming confidence in its new digital ad platform and the use of advanced AI technologies [2]. - Following the revelation of manipulative advertising practices, AppLovin's stock price dropped from $377.06 per share on February 25, 2025, to $331.00 per share on February 26, 2025, indicating a significant decline in investor confidence [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [3]. Group 3: Legal Representation - The Gross Law Firm is a recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to recover losses for investors affected by misleading statements or omissions that led to inflated stock prices [4].
Investor Alert: Robbins LLP Informs Investors of the AppLovin Corporation Class Action Lawsuit
Prnewswire· 2025-03-10 00:12
Core Viewpoint - A class action lawsuit has been filed against AppLovin Corporation, alleging that the company misled investors about its profitability and engaged in manipulative advertising practices [1][2]. Summary by Sections Allegations - Robbins LLP is investigating claims that AppLovin misrepresented its financial growth and stability during the class period from May 10, 2023, to February 25, 2025. The company reportedly made positive statements about its AXON 2.0 digital ad platform and the use of AI technologies while concealing adverse facts about its advertising practices [2][3]. Emergence of Truth - The truth about AppLovin's practices was revealed on February 26, 2025, when analyst reports indicated that the company was reverse engineering advertising data from Meta Platforms and using manipulative tactics to inflate ad click-through and app download rates. Following this news, AppLovin's stock price dropped from $377.06 to $331.00 per share [3]. Class Action Participation - Shareholders interested in participating in the class action must file their papers by May 5, 2025. A lead plaintiff will represent other class members in the litigation, but participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP has been a leader in shareholder rights litigation since 2002, focusing on helping shareholders recover losses and improve corporate governance [5].
APP INVESTOR ALERT: AppLovin Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-03-09 16:30
Core Viewpoint - The AppLovin Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its advertising platform and engaged in manipulative practices to inflate its performance metrics [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Quiero v. AppLovin Corporation, Inc., allows purchasers of AppLovin securities from May 10, 2023, to February 25, 2025, to seek lead plaintiff status by May 5, 2025 [1][5]. - The lawsuit alleges that AppLovin's executives created a false impression of the effectiveness of their AXON 2.0 digital ad platform and AI technologies, claiming they would enhance ad matching and expand into new markets [3][4]. - On February 26, 2025, reports surfaced alleging that AppLovin was reverse engineering advertising data from Meta Platforms and using manipulative practices, leading to a more than 12% drop in AppLovin's share price [4]. Group 2: Allegations Against AppLovin - The lawsuit claims that AppLovin engaged in a "backdoor installation scheme" that inflated installation numbers and profit figures by forcing unwanted apps on customers [3]. - Analysts reported that AppLovin utilized tactics such as self-clicking ads and design gimmicks to artificially inflate ad click-through and app download rates [4]. - The allegations suggest that these practices misled investors about the company's true financial health and operational integrity [3][4]. Group 3: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in the last four years [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].
AppLovin short-seller urges exclusion of the stock from S&P 500 index
CNBC· 2025-03-07 20:19
Core Viewpoint - The short-seller firm Fuzzy Panda Research has intensified its campaign against AppLovin, alleging serious violations of app store policies and fraudulent practices, while urging the S&P Index Committee to exclude AppLovin from the S&P 500 index [1][2][9]. Company Performance - AppLovin's share price increased over 700% in 2024, raising its market capitalization to over $110 billion, making it a strong candidate for inclusion in the S&P 500, which has a median market cap of approximately $36 billion [3]. - Following its exclusion from the S&P 500 in December, AppLovin's stock price fell by 15% [3]. - The company reported an earnings beat in February, resulting in a 34% stock price increase over two days, but has since seen a nearly 50% decline, significantly underperforming the broader market [7]. Short-Seller Allegations - Fuzzy Panda's allegations include claims of AppLovin engaging in fraudulent advertising tactics, such as data theft from Meta and violations of child protection laws [9][10]. - The firm claims that AppLovin's revenue growth is based on unethical practices, including data theft and revenue fraud [10]. - Fuzzy Panda's research involved interviews with former employees and industry experts, asserting that AppLovin's practices could lead to a permanent ban from major app store platforms [11]. Market Reactions - AppLovin's CEO Adam Foroughi has publicly refuted the allegations, describing them as inaccurate and misleading, and emphasized the sophistication of their AI-driven advertising technology [7][8]. - Analysts from BTIG and Piper have expressed support for AppLovin, maintaining buy ratings and dismissing the short-seller claims as lacking merit [8]. Upcoming Events - The next quarterly rebalancing of the S&P 500 is anticipated later in March, which could impact AppLovin's stock performance depending on the committee's decisions [5].
APP Investors Have Opportunity to Lead AppLovin Corporation Securities Fraud Lawsuit
Prnewswire· 2025-03-07 20:12
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of AppLovin Corporation securities between May 10, 2023, and February 25, 2025, due to alleged misleading statements regarding the company's financial growth and stability [1][5]. Group 1: Lawsuit Details - The lawsuit claims that AppLovin's defendants provided materially false and misleading information about the company's financial performance and growth prospects, including the launch of its AXON 2.0 digital ad platform and the use of AI technologies [5][6]. - Allegations include that AppLovin engaged in dishonest advertising practices and forced unwanted apps on customers through a "backdoor installation scheme," which inflated installation numbers and profitability [6]. Group 2: Participation Information - Investors who purchased AppLovin securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly for more information [3][7].
AppLovin Corporation (APP) Faces Securities Class Action After Losing Over $14 Billion Of Shareholder Value – Hagens Berman
GlobeNewswire News Room· 2025-03-07 18:41
Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation, alleging that the company misled investors regarding its AXON 2.0 digital ad platform, leading to significant financial losses for shareholders [1][2][3]. Company Overview - AppLovin Corporation is facing legal scrutiny due to claims that it made false and misleading statements about its financial growth and the capabilities of its AXON 2.0 platform, which is marketed as a cutting-edge AI technology for digital advertising [2][3]. Legal Proceedings - The class action lawsuit seeks to represent investors who purchased AppLovin securities between May 10, 2023, and February 25, 2025, with a lead plaintiff deadline set for May 5, 2025 [1][2]. - The lawsuit follows adverse reports from short sellers that raised concerns about the company's practices and the legitimacy of its growth strategies [3][6]. Short Seller Reports - Fuzzy Panda Research accused AppLovin of exploiting consumer data in violation of app store policies and predicted potential removal from Google and Apple's app stores [4]. - Culper Research claimed that AXON 2.0 is primarily a promotional tool rather than a legitimate AI-driven product, alleging that the company's success in mobile gaming is due to unethical practices [5]. Financial Impact - Following the publication of the short seller reports, AppLovin's share price dropped by $46.06, a decline of 12%, resulting in a loss of over $14 billion in shareholder value in a single trading day [5].
APP Investors Have Opportunity to Lead AppLovin Corporation Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-03-07 14:17
Core Viewpoint - A class action lawsuit has been filed against AppLovin Corporation for alleged violations of securities laws, claiming the company made false and misleading statements regarding its financial results and advertising practices [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between May 10, 2023, and February 25, 2025, during which investors are encouraged to contact the Schall Law Firm before May 5, 2025 [2]. - The complaint alleges that AppLovin engaged in dishonest advertising practices, including a "backdoor installation scheme" that inflated app installation numbers [4]. Group 2: Investor Impact - Investors suffered damages when the truth about AppLovin's practices was revealed, leading to claims that the company's public statements were materially misleading throughout the class period [4].
May 5, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against APP
Prnewswire· 2025-03-07 10:53
Core Viewpoint - A class action securities lawsuit has been filed against AppLovin Corporation, alleging securities fraud that affected investors between May 10, 2023, and February 25, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that AppLovin's management provided misleading information regarding the company's financial growth and stability, particularly related to the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [2]. - Allegations include that AppLovin engaged in dishonest advertising practices, such as reverse engineering and exploiting advertising data from Meta Platforms, and manipulating ad metrics to inflate performance figures [2]. - Following the revelation of these practices, AppLovin's stock price dropped from $377.06 per share on February 25, 2025, to $331.00 per share on February 26, 2025, indicating a significant loss for investors [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees, as class members may be entitled to compensation without financial obligation [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].