The Gross Law Firm Notifies AppLovin Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - APP

Core Viewpoint - AppLovin Corporation is facing allegations of misleading investors regarding its financial growth and stability, particularly related to its AXON 2.0 digital ad platform and advertising practices [2][4]. Group 1: Allegations and Financial Impact - The class period for the allegations against AppLovin is from May 10, 2023, to March 26, 2025 [2]. - Defendants allegedly provided false information about AppLovin's financial performance and growth, claiming confidence in its new digital ad platform and the use of advanced AI technologies [2]. - Reports emerged on February 26, 2025, indicating that AppLovin was involved in reverse engineering and exploiting advertising data from Meta Platforms, leading to manipulative practices that inflated ad click-through and app download rates [2]. - Following the revelation of these practices, AppLovin's stock price dropped from $377.06 per share on February 25, 2025, to$331.00 per share on February 26, 2025 [2]. Group 2: Legal Proceedings and Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to register for the class action lawsuit, with a deadline of May 5, 2025, to seek lead plaintiff status [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - The Gross Law Firm, which is leading the class action, aims to protect investors' rights and ensure companies adhere to responsible business practices [4].