Levi & Korsinsky Notifies Shareholders of AppLovin Corporation (APP) of a Class Action Lawsuit and an Upcoming Deadline
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Levi & Korsinsky law firm has filed a class action securities lawsuit against AppLovin Corporation, alleging securities fraud between May 10, 2023 and February 25, 2025. The lawsuit claims AppLovin artificially inflated ad performance metrics by exploiting advertising data from Meta Platforms and using manipulative practices like self-clicking ads and forced shadow downloads. The stock price dropped from $377.06 to $331.00 following these revelations.
March 28, 2025 | 1:30 am
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Class action lawsuit alleges fraudulent advertising practices, which could significantly impact AppLovin's financial credibility and future business prospects.
The lawsuit directly targets AppLovin's core business practices, alleging systematic manipulation of advertising data. This could lead to financial penalties, reputational damage, and loss of investor trust.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100