{"id":91594,"date":"2025-03-13T22:48:07","date_gmt":"2025-03-13T22:48:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/applovin-corporation-app-faces-securities-class-action-after-losing-over-14-billion-of-shareholder-value-hagens-berman\/"},"modified":"2025-03-13T22:48:07","modified_gmt":"2025-03-13T22:48:07","slug":"applovin-corporation-app-faces-securities-class-action-after-losing-over-14-billion-of-shareholder-value-hagens-berman","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/applovin-corporation-app-faces-securities-class-action-after-losing-over-14-billion-of-shareholder-value-hagens-berman\/","title":{"rendered":"AppLovin Corporation (APP) Faces Securities Class Action After Losing Over $14 Billion Of Shareholder Value \u2013 Hagens Berman"},"content":{"rendered":"
\n

SAN FRANCISCO, March 13, 2025 (GLOBE NEWSWIRE) — A securities class action lawsuit, captioned Quiero v. AppLovin Corporation, et al.<\/em>, No. 4:25-cv-02294 (N.D. Cal.), has been filed. The suit seeks to represent investors who purchased AppLovin securities between May 10, 2023 and February 25, 2025. The suit follows the publication of two adverse short seller reports on February 26, 2025 that drove the price of AppLovin (NASDAQ: APP) <\/strong>shares sharply lower that day.<\/p>\n

Hagens Berman is investigating the claims and urges investors who purchased AppLovin shares and suffered substantial losses to submit your losses now<\/a>.<\/p>\n

Class Period: <\/strong>May 10, 2023 \u2013 Feb. 25, 2025
Lead Plaintiff Deadline: <\/strong>May 5, 2025
Visit:<\/strong> www.hbsslaw.com\/investor-fraud\/app<\/a>
Contact the Firm Now:<\/strong> APP@hbsslaw.com<\/a>
\u00a0\u00a0 844-916-0895<\/strong><\/p>\n

AppLovin Corporation (APP) Securities Class Action:<\/strong><\/p>\n

The complaint alleges that AppLovin made false and misleading statements while failing to disclose crucial information about its AXON 2.0 digital ad platform, which the company has touted as \u201cthe best and fastest-growing product we\u2019ve ever released.\u201d<\/p>\n

Specifically, the suit alleges that AppLovin provided investors with material information about its financial growth and stability, including its confidence in its launch of the AXON 2.0 digital ad platform, which the company has said uses \u201ccutting-edge AI technologies\u201d to more efficiently match advertisements to mobile games and to expand into web-based marketing and e-commerce.<\/p>\n

Investors learned the truth on February 26, 2025, when short sellers Fuzzy Panda Research<\/em> and Culper Research<\/em> published adverse research reports about the company. Both raised serious concerns about whether AppLovin has been misleading investors about AXON 2.0.<\/p>\n

Fuzzy Panda<\/em> said that it \u201cdiscovered AppLovin exploiting consumers and their data in ways which are clear violations of Google and Apple\u2019s app store policies\u201d and predicted that Apple and Google will kick AppLovin out of their app stores. Fuzzy Panda<\/em> also claimed that AppLovin was \u201cstealing data from Meta in their e-commerce push\u201d and predicted that Meta will act quickly to shut it down.<\/p>\n

Culper Research<\/em> said \u201cAppLovin has employed AXON 2.0 largely as a promotional tool \u2013 a smokescreen to hide the true drivers of its mobile gaming and e-commerce initiatives, neither have much to do with AI.\u201d Culper <\/em>also said \u201cAppLovin\u2019s recent success in mobile gaming stems from the systematic exploitation of app permissions that enable advertisements themselves<\/em> to force-feed silent, backdoor app installations onto users\u2019 phones, with just a single click \u2013 an event that is often inadvertent thanks to the Company\u2019s notorious UX gimmicks\u201d and that \u201ceach illicit install translates directly to profit.\u201d<\/p>\n

These events drove the price of AppLovin shares down $46.06 (-12%), wiping out over $14 billion of shareholder value in a single trading day.<\/p>\n

\u201cWe are investigating claims that AppLovin may have misled investors about whether its growth may be attributable to nefarious- rather than to legitimate- conduct,\u201d said Reed Kathrein, the Hagens Berman Partner leading the firm’s probe.<\/p>\n

If you invested in AppLovin and have substantial losses, or have knowledge that may assist the firm\u2019s investigation, submit your losses now<\/a> \u00bb<\/p>\n

If you\u2019d like more information and answers to frequently asked questions about the AppLovin case and our investigation, read more<\/a> \u00bb<\/a><\/p>\n

Whistleblowers: <\/strong>Persons with non-public information regarding AppLovin should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email APP@hbsslaw.com<\/a>.<\/p>\n

About Hagens Berman<\/a>
Hagens Berman is a global plaintiffs\u2019 rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.\u00a0<\/p>\n

Contact: <\/u>
Reed Kathrein, 844-916-0895<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, March 13, 2025 (GLOBE NEWSWIRE) — A securities class action lawsuit, captioned Quiero v. AppLovin Corporation, et al., No. 4:25-cv-02294 (N.D. Cal.), has been filed. The suit seeks to represent investors who purchased AppLovin securities between May 10, 2023 and February 25, 2025. The suit follows the publication of two adverse short seller […]<\/p>\n","protected":false},"author":2,"featured_media":91595,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/51670c91-d369-4a8c-8102-d393de9f6d19","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-91594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/91594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=91594"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/91594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/91595"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=91594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=91594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=91594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}