#Robbins Geller #Class Action #AppLovin Corporation

Class Action Lawsuit for AppLovin Investors

In a significant move, the law firm Robbins Geller Rudman & Dowd LLP has announced an opportunity for investors in AppLovin Corporation (NASDAQ: APP) who have experienced substantial financial losses. These investors can step forward and take the lead in a class action lawsuit aimed at addressing alleged violations linked to the company's practices during the defined class period—specifically from May 10, 2023, to February 25, 2025. Deadline for lead plaintiff applications is May 5, 2025.

Overview of the Class Action Lawsuit

The class action lawsuit, filed under the case name Quiero v. AppLovin Corporation, Inc., cited as No. 25-cv-02294 in the Northern District of California, claims that AppLovin and some of its senior executives violated the Securities Exchange Act of 1934. This legal action comes in the wake of large discrepancies in reported advertising performance metrics and revenue figures, raising serious questions about the company's marketing practices and internal data analytics processes.

Allegations Against AppLovin

According to the lawsuit, AppLovin has been portrayed as misleading investors about the capabilities and success of its AXON 2.0 digital advertising platform and purportedly advanced AI technologies. The core of the allegations reflects that the company misrepresented its ability to deliver efficient ad placements, claiming to enhance monetization for content creators through advanced techniques.

However, the lawsuit points out that behind the scenes, AppLovin allegedly engaged in dubious practices involving advertising data sourced from Meta Platforms. These practices reportedly included a scheme that forced unwanted app installations—referred to as a