Important Information for AppLovin Corporation Investors: Rosen Law Firm Reminds Investors of Upcoming Deadline in Securities Class Action Lawsuit
New York, NY, March 17, 2025 – Rosen Law Firm, a global investor rights law firm, reminds purchasers of AppLovin Corporation (NASDAQ: APP) securities between May 10, 2023, and February 25, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2025, lead plaintiff deadline. The lawsuit alleges that AppLovin Corporation and certain of its executives and directors made false and/or misleading statements and/or failed to disclose: (1) AppLovin’s user acquisition costs were increasing at an unsustainable rate; (2) the Company’s user acquisition costs would negatively impact its financial results; and (3) as a result, AppLovin’s financial statements were materially false and misleading at all relevant times.
Background on the AppLovin Corporation Lawsuit
AppLovin Corporation is a leading mobile advertising platform that connects advertisers with their target audiences in mobile apps. The Company’s platform offers a range of services, including user acquisition, mediation, and monetization. AppLovin’s platform reaches over one billion unique users per month, making it a significant player in the mobile advertising industry.
The lawsuit alleges that during the Class Period, AppLovin Corporation and its executives and directors made false and/or misleading statements and/or failed to disclose that: (1) the Company’s user acquisition costs were increasing at an unsustainable rate; (2) these increasing user acquisition costs would negatively impact AppLovin’s financial results; and (3) as a result, AppLovin’s financial statements were materially false and misleading at all relevant times.
Impact on AppLovin Corporation Investors
The lawsuit alleges that AppLovin Corporation and its executives and directors violated the Securities Exchange Act of 1934. If the allegations in the complaint are true, AppLovin Corporation investors may be able to recover their losses. The lead plaintiff deadline is May 5, 2025.
AppLovin Corporation investors who purchased securities during the Class Period may be eligible to be appointed as lead plaintiff. The lead plaintiff is usually the investor with the largest financial interest in the relief sought by the class. However, the lead plaintiff must meet certain requirements, including holding a significant number of shares or having held shares for a significant period of time.
AppLovin Corporation investors who do not wish to serve as lead plaintiff may still be able to recover their losses. They may be able to join the case as a class member. The class members consist of all purchasers of AppLovin Corporation securities during the Class Period who were damaged by the alleged fraud.
Impact on the World
The AppLovin Corporation lawsuit is significant because it highlights the importance of transparency and accurate financial reporting in the tech industry. The lawsuit alleges that AppLovin Corporation and its executives and directors misrepresented the Company’s financial health, potentially misleading investors and damaging their trust in the mobile advertising industry.
The lawsuit also underscores the importance of investor protection laws. The Securities Exchange Act of 1934 provides a mechanism for investors to seek redress when they have been defrauded. The lawsuit against AppLovin Corporation is an example of how these laws can help investors recover their losses and hold companies and their executives accountable for misleading statements and/or omissions.
Conclusion
If you purchased AppLovin Corporation securities during the Class Period, you may be able to recover your losses. Rosen Law Firm encourages you to contact the firm before May 5, 2025, to discuss your legal options. The lead plaintiff deadline is approaching, and time is limited. For more information, please call Laurence Rosen, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via email at [email protected] or [email protected].
- AppLovin Corporation (NASDAQ: APP)
- Class Period: May 10, 2023, to February 25, 2025
- Lead Plaintiff Deadline: May 5, 2025
- Allegations of false and/or misleading statements and/or omissions
- Potential recovery for AppLovin Corporation investors
- Importance of transparency and accurate financial reporting in the tech industry
- Significance of investor protection laws
