#United States #Philadelphia #Securities Fraud #Berger Montague #AppLovin

Urgent Notice for AppLovin Investors: Class Action Deadline Approaches

In a significant development for investors in AppLovin Corporation, a securities class action lawsuit has been initiated against the company. This class action is specifically targeting investors who acquired AppLovin securities from May 10, 2023, to March 26, 2025, marking a vital period known as the Class Period. Berger Montague PC, the law firm behind this action, is urging all eligible investors to take immediate steps, as the deadline to seek appointment as a lead plaintiff is set for May 5, 2025.

Background of the Lawsuit

The crux of the lawsuit revolves around allegations that AppLovin, alongside its senior management, engaged in practices that misled investors about the company’s financial health and growth trajectory. Central to these allegations is the expectation surrounding the launch of AppLovin’s AXON 2.0 digital advertising platform, which prominently featured advanced artificial intelligence technologies aimed at optimizing ad placements in mobile gaming.

Concerns began to surface on February 26, 2025, when notable analysts, Fuzzy Panda and Culper Research, published reports accusing AppLovin of reverse-engineering advertising data from Meta Platforms. They highlighted that AppLovin was allegedly using manipulative tactics to inflate its advertisement click-through and app download rates, effectively fabricating installation numbers and overstating profits.

Following this revelation, there was a sudden and steep decline in AppLovin's stock price. By February 26, 2025, the stock plummeted from $377.06 per share to $331.00—an alarming drop of $46.06 per share, indicating a 12% decrease in value.

Further Allegations

In addition to the challenges posed by the February reports, another wave of negative attention struck when Muddy Waters Research released its findings on March 26, 2025. This report pointed to several issues with AppLovin, including accusations of utilizing third-party data in violation of terms set by platforms such as Facebook, Google, Snap, and Reddit. The implications of these findings raised questions about the sustainability of AppLovin's revenue growth, leading to another significant decrease in stock price. After the release of this report, AppLovin's stock saw a further decline of $65.92 per share, or 20%, closing at $261.70 by March 27, 2025.

What You Should Know

For investors who purchased AppLovin securities during the Class Period, there is still time to understand your rights and explore your options for joining the lawsuit. Those wishing to learn more about becoming a lead plaintiff can contact Berger Montague. A lead plaintiff represents all members of the class in steering the litigation process, but involvement as a lead is not necessary to partake in any potential recovery.

Berger Montague has a long-standing reputation in securities class action litigation, serving both individual and institutional investors since 1970. With offices across major cities like Philadelphia, Minneapolis, and San Francisco, the firm is well-equipped to handle complex cases involving significant financial stakes.

For more information on your rights as an investor or how to get involved in the lawsuit, you can reach out to Berger Montague's Andrew Abramowitz at email or call (215) 875-3015. Peter Hamner is also available at email for inquiries related to this case.

In summary, with the deadline approaching, AppLovin investors are encouraged to act promptly to ensure their voices are heard in this potential class action lawsuit. The outcome of this case could have substantial implications for your investments and financial recovery.