NEW YORK, NY / ACCESS Newswire / March 4, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AppLovin Corporation ("AppLovin" or "the Company") (NASDAQ:APP). Investors who purchased AppLovin securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/APP.
Investigation Details
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, AppLovin stock fell sharply in intraday trading on February 26, 2025.
What's Next?
If you are aware of any facts relating to this investigation or purchased AppLovin securities, you can assist this investigation by visiting the firm's site: bgandg.com/APP. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC