1. APP shareholders urged to contact Gross Law Firm for class action. 2. Lawsuit alleges misleading financial growth information from APP. 3. New evidence claims APP used manipulative advertising practices. 4. Stock price dropped significantly following the revelation of allegations. 5. Shareholders have until May 5, 2025, to register.
The revelation of manipulative practices significantly impacts investor trust, reminiscent of the fallout from Enron's accounting scandals.
The lawsuit addresses serious allegations that could result in financial penalties and further stock price declines.
Immediate market response expected as the news shakes investor confidence and impacts stock price.
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.
CONTACT US HERE: https://securitiesclasslaw.com/securities/applovin-corporation-loss-submission-form/?id=136029&from=4
CLASS PERIOD: May 10, 2023 to February 25, 2025
ALLEGATIONS:
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=136029&from=4
NEXT STEPS FOR SHAREHOLDERS:
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.
WHY GROSS LAW FIRM?
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.
CONTACT:
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