1. AppLovin faces class action due to misleading financial information. 2. Shareholders misled about AXON 2.0 platform success and AI use. 3. Stock price dropped significantly after allegations emerged. 4. False advertising practices reportedly inflated installation and profit figures. 5. Investors can register for recovery before May 5, 2025.
The public allegations against AppLovin suggest substantial misrepresentation of financial health. Historical precedents show that similar revelations often lead to long-term stock price declines.
The legal allegations around misleading financial practices will likely deter investors. High uncertainty typically leads to price volatility.
Immediate negative sentiment is expected due to ongoing legal developments. Quick price adjustments typically follow significant negative news, as seen in past cases.
The Gross Law Firm issues the following notice to shareholders of AppLovin Corporation (NASDAQ: APP).
Shareholders who purchased shares of APP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: May 10, 2023 to February 25, 2025
According to the complaint, defendants provided investors with material information concerning AppLovin's financial growth and stability. 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. Moreover, defendants publicly reported impressive financial results, outlooks, and guidance to investors, all while using dishonest advertising practices. The truth emerged on February 26, 2025, when analyst research reports emerged stating that AppLovin 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. Following this news, the price of AppLovin's stock declined from $377.06 per share on February 25, 2025 to $331.00 per share on February 26, 2025.
DEADLINE: May 5, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/applovin-corporation-loss-submission-form/?id=139413&from=4
Once you register as a shareholder who purchased shares of APP during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 5, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
SOURCE The Gross Law Firm