AppLovin Corporation (NASDAQ: APP)

This lawsuit for anyone who acquired securities in AppLovin Corporation (NASDAQ: APP) from May 10, 2023 through February 25, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that it made money when third party web site owners paid the Company for people on the third-party web site playing the Company’s games but failing to also mention that the Company was rigging the third-party web sites to make it appear that more people were playing the games than was the case.

On February 26, 2025, Fuzzy Panda Research and Culper Research both published reports alleging, among other things, that AppLovin is using a “systematic exploitation of app permissions that enable advertisements themselves to force-feed silent, backdoor app installations directly onto users’ phones” and is “stealing data from Meta in their e-commerce push.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in AppLovin Corporation (NASDAQ: APP) from May 10, 2023 through February 25, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.