AppLovin stock tanks on report SEC is investigating company over data-collection practices
1. SEC investigating AppLovin's data-collection practices amid whistleblower complaints. 2. AppLovin shares fell 14% after the news, totaling a 19% drop overall. 3. Stock surged 80% this year fueled by AI-driven ad targeting capabilities. 4. Short-sellers target AppLovin's practices and claim violations of app store terms. 5. AppLovin added to S&P 500 despite efforts to keep it out.