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AppLovin CEO urges investors to 'dig deeper' after short-seller report, company retains Alex Spiro

1. AppLovin CEO rebuts Muddy Waters' short-selling allegations against the company. 2. Shorts claim AppLovin's ads violate app store policies, alleging fraud. 3. The company's stock dropped 20%, but rebounded 4% the next day. 4. AppLovin engages legal expertise to investigate misinformation tactics from short sellers. 5. Analysts maintain buy rating and $650 target, confident in AppLovin's ad performance.

Short Seller
-2.54%Current Return
VS
+0.04%S&P 500
$273.8103/28 01:47 PM EDTEvent Start
$266.8503/31 02:14 PM EDTLatest Updated
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FAQ

Why Bullish?

Despite the short-seller allegations, AppLovin's stock showed resilience, recovering 4% after a major drop, indicating investor confidence. Furthermore, analysts' buy rating strengthens the outlook particularly for a company with a previously strong price surge.

How important is it?

The high-profile nature of the allegations and subsequent legal action suggests significant stock price potential turbulence, making the situation highly relevant for APP investors.

Why Short Term?

The immediate impact of short-selling reports tends to affect stock prices quickly, as evidenced by the rapid 20% drop followed by a 4% recovery. Legal action and analyst support may stabilize the stock soon.

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