#None #Robbins Geller #Class Action #AppLovin Corporation

AppLovin Corporation's Class Action Opportunity

Investors of AppLovin Corporation, listed under NASDAQ as APP, who acquired their securities between May 10, 2023, and February 25, 2025, are being urged by Robbins Geller Rudman & Dowd LLP to step forward to potentially lead a class action lawsuit. Those with substantial losses during the specified timeframe have until May 5, 2025, to apply for the position of lead plaintiff in the case named Quiero v. AppLovin Corporation, Inc., pending in the Northern District of California.

The class action lawsuit arises from allegations that AppLovin and certain executives violated the Securities Exchange Act of 1934, projecting a convincing facade around their technological advancements while allegedly engaging in manipulative practices to inflate performance metrics artificially. According to the lawsuit, AppLovin's ad platform AXON 2.0, alongside its touted AI technologies, was misleadingly marketed to promote its effectiveness in matching advertisements to mobile games and facilitating expansion into web-based marketing and e-commerce, claims which the lawsuit contends are unsubstantiated.

Key to the allegations is the assertion that AppLovin has been misusing advertising data from Meta Platforms, employing unethical methods to artificially boost their app download and ad click rates. These practices, termed as