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 February 25, 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 representative of the class [2]. Group 2: Allegations Against AppLovin - The complaint alleges 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 and exploiting advertising data from Meta Platforms, as well as using manipulative practices to inflate ad click-through and app download rates [4]. Group 3: Stock Price Impact - Following the emergence of these allegations on February 26, 2025, AppLovin's stock price fell from 331.00 per share, representing a decline of $46.06 per share or 12% [5].
SHAREHOLDER ALERT: Berger Montague Reminds AppLovin Corporation (NASDAQ: APP) Investors of Class Action Lawsuit Deadline