Important Information for Investors: Securities Class Action Lawsuit against AppLovin Corporation
Investors who purchased the securities of AppLovin Corporation (“AppLovin” or the “Company”) (NasdaqGS: APP) between May 10, 2023, and February 25, 2025, inclusive (the “Class Period”), are encouraged to contact Kahn Swick & Foti, LLC (“KSF”) and former Attorney General of Louisiana, Charles C. Foti, Jr., to discuss their legal rights and options in connection with a securities class action lawsuit against the Company. The deadline to file a lead plaintiff application is May 5, 2025.
Background
AppLovin is a mobile advertising platform and publisher. The Company’s platform provides developers with tools to build, monetize, and grow their mobile applications. AppLovin’s platform uses machine learning and artificial intelligence to optimize ad campaigns and improve user engagement. The Company’s stock began trading on NasdaqGS on May 10, 2023.
The Lawsuit
KSF and Foti allege that during the Class Period, AppLovin made false and/or misleading statements and/or failed to disclose: (1) that the Company was experiencing a decline in user engagement on its platform; (2) that the Company’s revenue growth was decelerating; and (3) that the Company’s financial statements were not accurate.
Impact on Individual Investors
If you purchased AppLovin securities during the Class Period, you may be able to recover your losses, including damages. The lead plaintiff will act on behalf of all the other class members in the lawsuit. The lead plaintiff will also be entitled to a representative share of any recovery.
Impact on the World
The securities class action lawsuit against AppLovin could have far-reaching implications for the mobile advertising industry. If the allegations are proven true, it could lead to increased scrutiny of other companies in the industry. It could also result in stricter regulations and higher standards for disclosures. Additionally, it could result in a decrease in investor confidence in the mobile advertising industry, leading to a decrease in investment.
Conclusion
If you purchased AppLovin securities during the Class Period, it is important that you contact KSF and Foti as soon as possible to discuss your legal rights and options. The lead plaintiff application deadline is May 5, 2025. If you wish to learn more about this lawsuit, or if you have any questions concerning this announcement, please contact KSF by email at [email protected] or by telephone at 1-877-515-1850, toll-free.
- AppLovin Corporation
- Securities Class Action Lawsuit
- May 10, 2023 – February 25, 2025
- KSF and Foti
- Lead Plaintiff Application Deadline: May 5, 2025
