AppLovin Investor News: Rosen Law Firm Encourages AppLovin Corporation Investors to Inquire About Securities Class Action Investigation APP

Business Wire 26-Feb-2025 10:58 AM

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of AppLovin Corporation (NASDAQ:APP) resulting from allegations that AppLovin may have issued materially misleading business information to the investing public.

So What: If you purchased AppLovin securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=35884 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

What is this about: On February 26, 2025, before the market opened, Fuzzy Panda Research issued a report called "AppLovin (APP) – Formers Allege Ad Fraud; Is DTC Hype Actually Stealing Meta's Data; Illegal Tracking of Children & Serving Sex Ads to Kids." Covering this report, Investing.com released a report entitled "AppLovin stock falls on allegations of ad fraud." This article stated that AppLovin shares had fallen following the report, "which accuses the mobile ad-tech company of engaging in "Ad Fraud" and other dubious practices. The report alleges that AppLovin's success, particularly with its machine-learning algorithm Axon 2.0, may be the result of unethical and potentially illegal activities, including data theft from Meta Platforms Inc [. . .] and violations of app store policies set by [Apple and Google]." Further, this article stated that according to Fuzzy Panda Research, "AppLovin's expansion into e-commerce is marred by tactics that include "reverse engineering" Meta's data and exploiting consumer data in ways that breach the terms of service of major app stores. The report suggests that AppLovin's high click-through rates (CTRs) and revenue growth could be attributed to these deceptive strategies, rather than legitimate business practices."

On this news, the price of AppLovin stock fell sharply in intraday trading on February 26, 2025.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

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Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com