NEW YORK, April 28, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of AppLovin Corporation (NASDAQ: APP).Shareholders who purchased shares of APP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/applovin-corporation-loss-submission-form/?id=145045&from=4CLASS PERIOD: May 10, 2023 ...

Core Viewpoint - The AppLovin Corporation is facing a class action lawsuit for allegedly misleading investors regarding its advertising practices and financial performance during the specified class period from May 10, 2023, to February 25, 2025 [1][3]. Group 1: Allegations and Impact - The lawsuit claims that AppLovin created a false impression of its AXON 2.0 digital ad platform and AI technologies, suggesting they would enhance ad matching efficiency and expand into new markets [3]. - It is alleged that AppLovin engaged in manipulative practices, including exploiting advertising data from Meta Platforms and inflating installation numbers through a "backdoor installation scheme," which misrepresented its profit figures [3][4]. - Following the revelation of these practices on February 26, 2025, AppLovin's share price dropped by over 12% [4]. Group 2: Legal Process and Representation - Investors who purchased AppLovin securities during the class period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of the class [5]. - The lead plaintiff is typically the investor with the greatest financial interest and must be typical and adequate of the class [5]. 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 recent years [6]. - The firm has a strong track record, including the largest securities class action recovery in history, amounting to $7.2 billion in the Enron case [6].

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 misled investors regarding its advertising platform and practices [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit, titled Quiero v. AppLovin Corporation, Inc., covers purchasers of AppLovin securities from May 10, 2023, to February 25, 2025, with a deadline of May 5, 2025, for seeking lead plaintiff status [1][5]. - Allegations include that AppLovin falsely represented its AXON 2.0 digital ad platform and AI technologies as effective tools for matching ads to mobile games, while actually engaging in manipulative practices [3][4]. Group 2: Allegations Against AppLovin - Reports emerged on February 26, 2025, claiming that AppLovin was reverse engineering and exploiting advertising data from Meta Platforms, leading to artificially inflated ad metrics [4]. - The lawsuit alleges that AppLovin's practices included self-clicking ads and forced shadow downloads, which misrepresented installation numbers and inflated profit figures [3][4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased AppLovin securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion from the Enron case [6].

Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation for allegedly misleading investors about its financial growth and stability during the Class Period from May 10, 2023, to March 26, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of purchasers of AppLovin securities during the specified Class Period [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against AppLovin - The complaint claims that AppLovin and its senior management misled investors regarding the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [3]. - Reports from analysts Fuzzy Panda and Culper Research accused AppLovin of reverse-engineering advertising data from Meta Platforms and using manipulative practices to inflate ad click-through and app download rates [4]. - Muddy Waters Research later alleged that AppLovin violated terms of service of major platforms like Facebook and Google, which could threaten its revenue growth sustainability [6]. Group 3: Stock Price Impact - Following the negative reports, AppLovin's stock price dropped from $377.06 on February 25, 2025, to $331.00 on February 26, 2025, marking a decline of $46.06 per share, or 12% [5]. - On March 27, 2025, the stock fell further by $65.92 per share, or 20%, closing at $261.70 after a report from Muddy Waters Research [7].

Core Viewpoint - AppLovin is facing skepticism from investors due to multiple short-seller reports questioning its business model, despite its claims of developing a leading advertising AI model [1][2]. Group 1: Financial Performance - AppLovin has experienced rapid growth in both revenue and profits, but concerns about its business model persist [2]. - The advertising segment generated $3.2 billion in revenue, growing by 75% year-over-year, while the apps business only grew by 3% to $1.5 billion, negatively impacting overall growth [5]. - The company's stock has declined by 30% year-to-date, reducing its price-to-earnings multiple from over 100 to 50, indicating a steep premium despite the drop [8][10]. Group 2: Future Prospects - AppLovin is considering selling its apps business, which could enhance its growth potential by focusing on an entirely ad-based sales model [4][5]. - The company's ability to sustain its growth may be influenced more by macroeconomic conditions, such as potential economic slowdowns or recessions affecting advertising spending [6]. - The stock has appreciated by approximately 240% over the past year, but the outlook for the company remains uncertain unless the economic environment improves significantly [11][12].

Core Viewpoint - AppLovin Corporation is facing securities class action lawsuits due to allegations of failing to disclose material information and engaging in questionable advertising practices during the class period from May 10, 2023, to March 26, 2025 [1][3][4]. Company Allegations - AppLovin and its executives are accused of violating federal securities laws by not disclosing significant information during the class period [3]. - The company has been reported to engage in "Ad Fraud" and manipulative practices, including self-clicking ads and design gimmicks to inflate ad metrics, which led to a significant drop in share price [4]. - On March 26, 2025, it was reported that AppLovin used proprietary third-party data in violation of service terms from major platforms, which could threaten its revenue sustainability [5]. Share Price Impact - Following the revelation of alleged fraudulent practices, AppLovin's share price fell from $377.06 on February 25, 2025, to $331.00 on February 26, 2025, marking a decline of approximately 12.2% [4]. - After the March 26 report, the share price plummeted by 20.1%, dropping from $327.62 to $261.70 on March 27, 2025 [5]. Legal Proceedings - The first filed case is Quiero v. AppLovin Corporation, et al., with a subsequent case expanding the class period [6].

Core Viewpoint - Moore Law, PLLC is investigating potential claims against AppLovin Corporation based on allegations from securities investment research firms regarding manipulative advertising practices [1][2] Group 1: Allegations Against AppLovin - Culper Research and Fuzzy Panda Research issued short reports alleging that AppLovin is reverse-engineering and exploiting advertising data from Meta Platforms [2] - The reports claim that AppLovin employs manipulative practices to artificially inflate ad click-through and app download rates, including self-clicking ads and design gimmicks that trigger forced downloads [2] Group 2: Market Reaction - Following the release of the investigative reports, the stock price of AppLovin experienced a significant decline, reflecting a nearly 22% drop [3]

Core Viewpoint - AppLovin Corporation is facing securities class action lawsuits for failing to disclose material information during the class period from May 10, 2023, to March 26, 2025, which may have led to significant financial losses for investors [1][3]. Company Summary - AppLovin's executives are accused of violating federal securities laws by not disclosing critical information that could impact investors [3]. - The company's stock price experienced a significant decline due to allegations of "Ad Fraud" and manipulative practices, dropping from $377.06 on February 25, 2025, to $331.00 on February 26, 2025 [4]. - Following further reports of improper use of proprietary data, AppLovin's shares fell by 20.1%, from $327.62 to $261.70 on March 27, 2025 [5]. Legal Context - The first lawsuit filed against AppLovin is Quiero v. AppLovin Corporation, et al., No. 25-cv-02294, with a subsequent case expanding the class period [6]. - Investors who purchased AppLovin securities during the class period have until May 5, 2025, to file lead plaintiff applications [1][2].

Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation, alleging misleading information regarding its financial growth and the launch of its AXON 2.0 digital ad platform [1][3]. Group 1: Lawsuit Details - The lawsuit covers purchasers of AppLovin securities from May 10, 2023, to March 26, 2025 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff [2]. - Allegations include misleading investors about financial stability and growth, particularly concerning the use of AI technologies [3]. Group 2: Emerging Truths - Reports from analysts Fuzzy Panda and Culper Research on February 26, 2025, accused AppLovin of manipulating advertising data and inflating ad metrics [4]. - Following these reports, AppLovin's stock price dropped from $377.06 to $331.00, a decline of $46.06 or 12% [5]. Group 3: Additional Allegations - On March 26, 2025, Muddy Waters Research published a report alleging that AppLovin violated terms of service of major platforms, threatening its revenue sustainability [6]. - The stock fell further by $65.92 or 20%, closing at $261.70 on March 27, 2025 [7].

NEW YORK, April 22, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ: APP) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of AppLovin investors who were adversely affected by alleged securities fraud between May 10, 2023 and February 25, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/applovin-corporation-lawsuit ...