APP INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that AppLovin Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against AppLovin Corporation for alleged violations of federal securities laws during the Class Period from May 10, 2023, to February 25, 2025, due to misleading statements regarding the company's financial health and business practices [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased AppLovin securities during the specified Class Period [2]. - Allegations include that AppLovin's executives provided misleading information about the company's financial growth, particularly regarding the AXON 2.0 digital ad platform and its use of AI technologies [3]. - The complaint claims that AppLovin reported strong financial results while engaging in dishonest advertising practices [3]. Group 2: Allegations and Impact - A report by Fuzzy Panda Research accused AppLovin of engaging in ad fraud and unethical practices, including data theft from Meta Platforms and violations of app store policies [4]. - Following the release of this report, AppLovin's stock experienced a significant decline in intraday trading on February 26, 2025 [4]. - The report suggested that AppLovin's revenue growth and high click-through rates may be attributed to deceptive strategies rather than legitimate business practices [4]. Group 3: Next Steps for Investors - Investors who suffered losses in AppLovin have until May 5, 2025, to request to be appointed as lead plaintiff in the class action lawsuit [5]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only collect fees if the case is successful [6].