Press release
Lawsuit filed for Investors who lost money with shares of AppLovin Corporation (NASDAQ: APP)
A lawsuit was filed on behalf of investors in AppLovin Corporation (NASDAQ: APP) shares over alleged securities laws violations.
Investors who purchased shares of AppLovin Corporation (NASDAQ: APP) have certain options and for certain investors are short and strict deadlines running. Deadline: May 5, 2025. NASDAQ: APP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Palo Alto, CA based AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally.
On February 26, 2025, analyst research reports emerged stating that AppLovin Corporation was reverse engineering and exploiting advertising data from Meta Platforms. The reports further alleged AppLovin was utilizing manipulative practices to artificially inflate their own ad click-through and app download rates, such as by having ads click on themselves or utilizing design gimmicks to trigger forced shadow downloads, erroneously inflating installation numbers and, in turn, its profit figures, the complaint alleges.
Shares of AppLovin Corporation (NASDAQ: APP) declined from $525.15 per share on February 13, 2025, to as low as $258.51 per share on March 06, 2025.
The plaintiff claims that between May 10, 2023 to February 25, 2025, the defendants provided investors with material information concerning AppLovin's financial growth and stability, that the Defendants' statements included, among other things, confidence in AppLovin's launch of its AXON 2.0 digital ad platform and using "cutting-edge AI technologies" to more efficiently match advertisements to mobile games, in addition to expanding into web-based marketing and e-commerce, and that the defendants publicly reported impressive financial results, outlooks, and guidance to investors, all while using dishonest advertising practices.
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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