The law firm of Kirby McInerney LLP reminds investors of the May 5, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ: APP) securities during the period from May 10, 2023, through February 25, 2025 (“the Class Period”).
[LEARN MORE ABOUT THE CLASS ACTION]
On February 26, 2025, Fuzzy Panda Research and Culper Research issued reports on AppLovin stating that the Company 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. On this news, the price of AppLovin shares declined by $46.06 per share, or approximately 12%, from $377.06 per share on February 25, 2025, to close at $331.00 on February 26, 2025.
The complaint alleges that defendants, throughout the Class Period, provided investors with information concerning AppLovin’s financial growth and stability. Specifically, confidence in AppLovin’s launch of its AXON 2.0 digital ad platform and using “cutting-edge AI technologies” to more efficiently match advertisement to mobile games, in addition to expanding web-based marketing and e-commerce.
If you purchased or otherwise acquired AppLovin securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
investigations@kmllp.com
