Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against AppLovin Corporation
New York, NY – In a significant development for investors, the law firm of Bronstein, Gewirtz & Grossman, LLC, announced on March 28, 2025, that a class action lawsuit has been filed against AppLovin Corporation (“AppLovin” or “the Company”) (NASDAQ: APP) and certain of its officers.
Class Definition and Period
The lawsuit, filed in the United States District Court for the Southern District of New York, seeks to recover damages against Defendants for alleged violations of the federal securities laws. The class action is brought on behalf of all persons and entities that purchased or otherwise acquired AppLovin securities between May 10, 2023, and February 25, 2025 (the “Class Period”).
Allegations of Securities Law Violations
According to the complaint, the defendants made materially false and misleading statements regarding the Company’s business, financial condition, and prospects. Specifically, the defendants allegedly failed to disclose: (1) that AppLovin was experiencing a decline in user engagement and retention; (2) that the Company’s revenue growth was decelerating; and (3) that AppLovin was facing increased competition in the mobile advertising market.
Consequences for Investors
As a result of defendants’ alleged false statements, AppLovin securities traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of AppLovin securities declined significantly, allegedly causing substantial losses to investors.
Potential Impact on the World
The consequences of this lawsuit extend beyond the investors directly affected. The allegations of securities law violations can damage the reputation of AppLovin and potentially deter investors from considering the company as an investment opportunity. Furthermore, if the allegations are proven true, it could lead to increased scrutiny and regulation of the mobile advertising industry as a whole.
Conclusion
The filing of this class action lawsuit against AppLovin Corporation and its officers represents a significant event for investors in the company’s securities. The allegations, if proven true, could result in substantial damages for investors and potential implications for the mobile advertising industry. As the lawsuit progresses, investors are encouraged to monitor developments closely.
- Investors who purchased or otherwise acquired AppLovin securities during the Class Period may contact the law firm to discuss their legal options.
- The lawsuit alleges securities law violations, and the consequences could extend beyond the investors directly affected.
- The lawsuit could lead to increased scrutiny and regulation of the mobile advertising industry.
