HGT Law Announces Investigation of AppLovin Corporation (NASDAQ:APP)

HGT Law announces an investigation of AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ:APP) for potential violations of the federal securities laws.

A purported securities class action has been filed against AppLovin. AppLovin, a technology company that assists developers in marketing, monetizing, analyzing and publishing apps through the Company’s platforms, is alleged to have misled investors by: (i) by failing to disclose that AppLovin’s revenue and profit growth were drive by fraudulent advertising practices, (ii) by failing to disclose risks associated with AppLovin’s breach of the terms of service of major third-party platforms such as Google and Apple (on which the Company heavily relied to distribute developers’ apps); and (iii) falsely attributing the Company’s growth to its enhanced advertising platform and “cutting-edge AI technologies.”

On February 26, 2025, reports by Culper Research and Fuzzy Panda Research claimed that AppLovin was allegedly using deceptive app installation tactics, faking ad clicks, improperly using data of a third-party platform, serving adult content to minors and tracking children’s data. On the same day, the Company’s stock price fell 12.2%. On March 26, 2025, a report by Muddy Waters further stated that AppLovin allegedly: engaged in retargeting ad schemes; made false claims that AppLovin’s “incremental” ad engagement was 100%, when it was only 25–35%; and systematically violated third-party platform rules that risked blocking or bans. The Company’s stock dropped another 20.1% on March 27, 2025.

If you purchased AppLovin securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact HGT Law at (646) 453-7288 or via email at info@hgtlaw.com.