AppLovin shares plunge 20% after third short-selling firm slams company's ad technology [CNBC]
Applovin Corporation - Class A (APP)
Company Research
Source: CNBC
Muddy Waters alleged that AppLovin's ad tactics “systematically” violate app stores' terms of service through “impermissibly extracting” user data. AppLovin was the tech sector's best performer of 2024, skyrocketing more than 700%, but Muddy Waters is now the third short seller to publicly pronounce its concerns. Shares of sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company's digital ad technology and claimed that it's violating app store rules. AppLovin tumbled $65.92 to close at $261.70. The stock soared last year, the biggest gain among U.S. tech companies, due to enthusiasm surrounding AppLovin's artificial intelligence technology and the growth it was spurring in its ad b
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High impacting Applovin Corporation - Class A news events
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APP
News
- ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages AppLovin Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – APPGlobeNewswire
- AppLovin Corporation (APP) Market Value Craters $20 Billion On March 27 After Muddy Waters Takes Aim, Class Action Pending – Hagens BermanGlobeNewswire
- APP INVESTOR ALERT: AppLovin Corporation Investors with Substantial Losses Have Opportunity to Lead Securities Class Action LawsuitPR Newswire
- APP CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against AppLovin CorporationBusiness Wire
- INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of AppLovinPR Newswire
APP
Earnings
- 2/12/25 - Beat
APP
Sec Filings
- 3/12/25 - Form 4
- 3/12/25 - Form 4
- 3/12/25 - Form 4
- APP's page on the SEC website