Important Notice for AppLovin Corporation Shareholders: Potential Class Action Lawsuit
New York, NY, March 20, 2025 – The Gross Law Firm, a leading national shareholder rights law firm, issues this notice to investors in AppLovin Corporation (NASDAQ: APP) concerning a potential class action lawsuit. Investors who purchased or otherwise acquired shares of AppLovin Corporation (the “Company”) between February 1, 2023, and January 31, 2025, inclusive (the “Class Period”), are encouraged to contact the firm regarding potential lead plaintiff appointment in a securities class action lawsuit.
Background on AppLovin Corporation
AppLovin Corporation is a leading mobile advertising platform company. The Company’s platform connects advertisers with their target audiences, and it provides publishers with solutions to monetize their mobile content. AppLovin’s services include mediation, where it acts as an intermediary between advertisers and publishers, and its MAX (Maximum Impact eXchange), which uses machine learning to optimize ad placements.
Alleged Securities Law Violations
The Gross Law Firm alleges that during the Class Period, AppLovin Corporation made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the complaint alleges that the Company misrepresented the success and growth of its MAX platform, which the Company claimed was driving its revenue growth. In reality, the complaint alleges that the Company’s growth was due to acquisitions and that its MAX platform was not performing as well as represented.
Possible Impact on Shareholders
If the allegations are true, AppLovin Corporation shareholders may have suffered significant losses. The Company’s inflated stock price during the Class Period could have led to damages for investors. Shareholders who purchased AppLovin Corporation shares during the Class Period may be able to recover their losses through the courts.
Possible Impact on the World
The potential impact of this lawsuit on the world at large may depend on the outcome of the case. If the allegations are proven true, it could serve as a reminder of the importance of accurate and transparent disclosures for publicly traded companies. It could also potentially lead to increased scrutiny of the mobile advertising industry and its practices.
Contact The Gross Law Firm
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact The Gross Law Firm by emailing [email protected] or by filling out this contact form on our website: https://www.thegrosslawfirm.com/contact-us/
You can also call the firm at (212) 509-1441. The portal provides investors with valuable information about their rights and potential remedies, and there is no cost or obligation to contact us.
About The Gross Law Firm
The Gross Law Firm represents investors worldwide, securing billions of dollars for clients in securities fraud class actions. The firm’s extensive securities litigation experience spans more than two decades.
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules of various jurisdictions.
Conclusion
If you are a shareholder of AppLovin Corporation and purchased shares during the Class Period, it is important that you take action. The Gross Law Firm is investigating potential securities fraud, and you may be able to recover your losses. Contact The Gross Law Firm today to discuss your legal options.
- AppLovin Corporation (NASDAQ: APP)
- Potential class action lawsuit
- Shareholders who purchased shares between February 1, 2023, and January 31, 2025, are encouraged to contact The Gross Law Firm
- Alleged securities law violations related to the Company’s MAX platform
- Possible impact on shareholders: potential for damages
- Possible impact on the world: increased scrutiny of mobile advertising industry
- Contact The Gross Law Firm for more information
