NEW
YORK, March 13, 2025 /PRNewswire/ -- 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=135499&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=135499&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: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm