Press release
Investigation announced for Long-Term Investors in AppLovin Corporation (NASDAQ: APP)
An investigation on behalf of investors in AppLovin Corporation (NASDAQ: APP) shares over potential wrongdoing at AppLovin Corp.
Investors who purchased shares of AppLovin Corporation (NASDAQ: APP) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain AppLovin Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
Palo Alto, CA based AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps worldwide. AppLovin Corporation reported that its annual Total Revenue rose from $994.1 million in 2019 to over $1.45 billion in 2020, and that its Net Income of $119.04 million in 2019 declined to a Net Loss of $125.18 million.
On April 15, 2021, AppLovin Corporation went public at $80 per share to raise $2 billion in its initial public offering (“IPO”)
Since then, AppLovin Corporation (NASDAQ: APP) declined to $58.50 per share.
Those who purchased shares of AppLovin Corporation (NASDAQ: APP) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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