#United States #New York #Class Action #Levi & Korsinsky #AppLovin

Levi & Korsinsky Issues Notice to AppLovin Investors Regarding Class Action Lawsuit

On March 12, 2025, Levi & Korsinsky, LLP announced it is representing investors in AppLovin Corporation who may have suffered losses due to alleged securities fraud. AppLovin Corporation, traded as NASDAQ: APP, has been accused of misleading investors about its financial performance between May 10, 2023, and February 25, 2025.

Class Action Overview

The lawsuit looks to recover damages for stakeholders who experienced adverse effects due to purported misrepresentations and omissions regarding AppLovin's business practices and financial health. The firm encourages AppLovin's shareholders to act quickly, as they have until May 5, 2025, to file for lead plaintiff status. Even if shareholders do not assume the role of lead plaintiff, eligibility for potential compensation remains an option for victims of the alleged fraud.

Allegations and Revelations

At the core of the class action is the claim that AppLovin made several inaccurate statements regarding its financial growth. This included exaggerated confidence in the success of its AXON 2.0 digital advertising platform, which purported to utilize advanced AI technology to optimize advertisement delivery. Additionally, promises of expanding into e-commerce and web-based marketing were highlighted.

Despite boasting of impressive financial metrics, it later emerged that the company used deceptive marketing tactics. Reports released on February 26, 2025, indicated that AppLovin was engaging in questionable practices, such as reverse-engineering advertising data from competitors, particularly Meta Platforms. This exploitation reportedly involved unethical methods to enhance ad performance indicators, including inflated click-through and download rates. Such maneuvers misrepresented the company's efficiency and growth potential—ultimately impacting stock prices.

As a consequence, AppLovin shares saw a notable decrease from $377.06 on February 25 to $331.00 on February 26, reflecting the market's reaction to the revelations.

Next Steps for Affected Investors

Investors affected by the alleged actions are encouraged to consider their legal options and may wish to reach out to the law firm for more information. Potential plaintiffs will not incur out-of-pocket expenses to participate in the case, emphasizing Levi & Korsinsky’s commitment to supporting affected investors without financial burden.

Why Levi & Korsinsky?

Having established a reputed legal practice specializing in securities litigation over the last two decades, Levi & Korsinsky has accumulated significant recoveries for investors and clients. The firm has been consistently ranked among the leading securities litigation firms in the United States over the years, showcasing its capability and dedication in serving the investment community.

For those interested in joining the class action or who have queries related to their investment in AppLovin, they can reach out to the law firm through the following contacts:

• - Email: contact@zlk.com
• - Phone: (212) 363-7500

As the deadline approaches, affected investors are advised to stay informed and take appropriate actions to safeguard their rights and seek potential recovery. The situation exemplifies the importance of due diligence and vigilance in the investment landscape.