APP INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that AppLovin Corporation Investors with Substantial Losses Have Opportunity to Lead Investor 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 misled investors regarding its advertising platform and practices [1][4][5]. Group 1: Allegations and Lawsuit Details - The class action lawsuit, titled Quiero v. AppLovin Corporation, Inc., involves purchasers of AppLovin securities from May 10, 2023, to February 25, 2025, who have until May 5, 2025, to seek lead plaintiff status [1][6]. - 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 [4][5]. - Reports emerged on February 26, 2025, indicating that AppLovin was reverse engineering advertising data from Meta Platforms and using deceptive methods to inflate ad performance metrics, leading to a significant drop in share price by over 12% [5]. Group 2: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired AppLovin securities during the class period to apply for lead plaintiff status, representing the interests of the class [6]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud litigation, having recovered $6.6 billion for investors in related cases [7].