The Gross Law Firm Notifies Shareholders of AppLovin Corporation(APP) of a Class Action Lawsuit and an Upcoming Deadline

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][2]. Summary by Sections Allegations - The complaint alleges that AppLovin's executives provided investors with misleading information about the company's financial stability and growth, particularly regarding the launch of the AXON 2.0 digital ad platform and the use of advanced AI technologies [1]. - It is claimed that AppLovin engaged in dishonest advertising practices, including reverse engineering advertising data from Meta Platforms and manipulating ad metrics to inflate click-through and app download rates [1]. - Following the revelation of these practices, AppLovin's stock price fell from $377.06 on February 25, 2025, to$331.00 on February 26, 2025, indicating a significant loss in shareholder value [1]. Next Steps for Shareholders - Shareholders who purchased AppLovin shares during the specified class period (May 10, 2023, to February 25, 2025) are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that artificially inflated stock prices [3].