APP INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that AppLovin Corporation Investors with Substantial Losses Have Opportunity to Lead the AppLovin Class Action Lawsuit

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: 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 potential lead plaintiffs to come forward [1]. - Allegations include that AppLovin falsely portrayed its AXON 2.0 digital ad platform and AI technologies as effective tools for matching ads to mobile games, while actually exploiting advertising data from Meta Platforms [3][4]. - Reports emerged on February 26, 2025, indicating that AppLovin was reverse engineering Meta's advertising data and using manipulative tactics to inflate ad click-through and app download rates, leading to a more than 12% drop in share price [4]. Group 2: Lead Plaintiff 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 is typically the investor with the greatest financial interest in the case and can choose a law firm to represent the class [5]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases, making it a leader in the field [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years, highlighting its effectiveness in handling such cases [6].