AppLovin (NASDAQ: APP) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit

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 March 26, 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 [2]. Group 2: Allegations Against AppLovin - The complaint claims 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 advertising data from Meta Platforms and using manipulative practices to inflate ad click-through and app download rates [4]. - Muddy Waters Research later alleged that AppLovin violated terms of service of major platforms like Facebook and Google, which could threaten its revenue growth sustainability [6]. Group 3: Stock Price Impact - Following the negative reports, AppLovin's stock price dropped from $377.06 on February 25, 2025, to$331.00 on February 26, 2025, marking a decline of $46.06 per share, or 12$65.92 per share, or 20%, closing at $261.70 after a report from Muddy Waters Research [7].