{"id":825140,"date":"2025-03-12T18:50:18","date_gmt":"2025-03-12T22:50:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/"},"modified":"2025-03-12T18:50:18","modified_gmt":"2025-03-12T22:50:18","slug":"investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/","title":{"rendered":"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, March  12, 2025  (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired AppLovin Corporation (NASDAQ: APP) (\u201cAppLovin\u201d or the \u201cCompany\u201d) securities between May 10, 2023 and February 25, 2025 (the \u201cClass Period\u201d), charging the Company and certain senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d).<\/p>\n<p align=\"justify\">AppLovin investors have until May 5, 2025 to seek appointment as lead plaintiff of the AppLovin class action lawsuit.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>If you purchased or acquired AppLovin securities between May 10, 2023 and February 25, 2025, and suffered substantial losses<\/em><br \/>\n        <\/strong>, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may <strong><em>submit your information and contact us here: <\/em><\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7MmCZG2W2_-QMGQW1EhuaZwn_oVi8g_xCH6sYfKxAQrxoyt-OBxITvb6wITsdCGJviP_WjxbFR9w9zzLwS-J0eUL3cFN3O4LQYetHG9omnRFEhsQWFoy3-vYXF_UIs5LQuZPSFRVGje30bzbudzYv_ENqSw3fSezthP1Fsw8rKg=\" rel=\"nofollow\" target=\"_blank\"><u>https:\/\/dicellolevitt.com\/securities\/applovin\/<\/u><\/a>.<\/p>\n<p align=\"justify\">You can also contact DiCello Levitt attorneys Brian O\u2019Mara or Ruben Pe\u00f1a by calling (888) 287-9005 or emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E25kwHarsX-JGp3LoVNymn4sBSi0HLMdZxx1tfNhKT0NMLBIxpy06iU4diZlKAaRW70qDd5Zr27ll0tQSr0A1yYR22u-xzHfi3Luw8ul2pBUGaTHA2jHgtpk4-ircD2s\" rel=\"nofollow\" target=\"_blank\"><u>investors@dicellolevitt.com<\/u><\/a>. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased.<\/p>\n<p align=\"justify\">No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.<\/p>\n<p align=\"justify\">\n        <strong>Case Allegations<\/strong>\n      <\/p>\n<p align=\"justify\">AppLovin is a mobile advertising technology business that operates a software-based platform to connect mobile game developers to new users. The Company operates through two segments: Software Platform and Apps.<\/p>\n<p align=\"justify\">The AppLovin lawsuit alleges that Defendants made false and\/or materially misleading statements about AppLovin\u2019s enhanced digital ad platform, AXON 2.0, and its \u201ccutting-edge AI technologies,\u201d including that AXON 2.0 would more efficiently match advertisements to mobile games and expand into web-based marketing and e-commerce. In reality, AppLovin was reverse engineering data from Meta Platforms and utilizing manipulative practices to force customers into unknowingly installing apps via a \u201cbackdoor installation scheme\u201d which artificially inflated installation numbers, and, in turn, AppLovin\u2019s profit figures.<\/p>\n<p align=\"justify\">The truth emerged on February 26, 2025, when Fuzzy Panda and Culper Research published separate short seller reports calling into question the integrity of Axon 2.0 and AppLovin\u2019s ad practices. Specifically, the Fuzzy Panda report stated that Axon 2.0 was simply \u201ca House of Cards\u201d built on fraudulent advertising tactics, including \u201cstealing data from Meta\u201d and \u201cexploiting consumers and their data in ways\u201d that violate Google and Apple\u2019s app store policies. Similarly, the Culper Research report claims AppLovin employs Axon 2.0 \u201c<strong><em>largely as a promotional tool \u2013 a smokescreen to hide the true drivers of its mobile gaming and e-commerce initiatives<\/em><\/strong><em>\u201d<\/em>\u00a0and that the Company\u2019s \u201c<strong><em>recent success in mobile gaming stems from the systematic exploitation of app permissions that enable advertisements themselves to force-feed silent, backdoor app installations directly onto users\u2019 phones.<\/em><\/strong><em>\u201d<\/em><\/p>\n<p align=\"justify\">On this news, the price of AppLovin common stock fell $46.06 per share from a closing price of $377.06 per share on February 25, 2025, to a closing price of $331 per share on January 26, 2025, a decline of 12.21% on heavy volume.<\/p>\n<p align=\"justify\">\n        <strong>About DiCello Levitt<\/strong>\n      <\/p>\n<p align=\"justify\">At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases \u2013 whether by trial, settlement, or otherwise \u2013 for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens\u2019 rights and interests. Every day, we put our reputations \u2013 and our capital \u2013 on the line for our clients.<\/p>\n<p align=\"justify\">DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the <em>National Law Journal<\/em>, in addition to its top-tier <em>Chambers<\/em> and <em>Benchmark<\/em> ratings. The <em>New York Law Journal<\/em> also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p align=\"justify\">\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p align=\"justify\">Amy Coker<br \/>4747 Executive Drive, Suite 240<br \/>San Diego, CA 92121<br \/>619-963-2426<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E25kwHarsX-JGp3LoVNymn4sBSi0HLMdZxx1tfNhKT3Mc84HeoTK99dhmAhPHZXEC1F_Rn0tMvhR9pZ5DDkhF-SNEdYgiZH3GCVvxpqw865wgSTfS7maN3kkQCMjJ5W1\" rel=\"nofollow\" target=\"_blank\"><u>investors@dicellolevitt.com<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5MzY4OCM2ODA0MDI2IzIyNzUwODI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MmM0NzdlZTEtMjc0OS00YzJlLWI0MjYtZjJhYTZiMmNjMjc4LTEyODY2MzItMjAyNS0wMy0xMi1lbg==\/tiny\/DiCello-Levitt-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, March 12, 2025 (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired AppLovin Corporation (NASDAQ: APP) (\u201cAppLovin\u201d or the \u201cCompany\u201d) securities between May 10, 2023 and February 25, 2025 (the \u201cClass Period\u201d), charging the Company and certain senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d). AppLovin investors have until May 5, 2025 to seek appointment as lead plaintiff of the AppLovin class action lawsuit. If you purchased or acquired AppLovin securities between May 10, 2023 and February 25, 2025, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825140","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, March 12, 2025 (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired AppLovin Corporation (NASDAQ: APP) (\u201cAppLovin\u201d or the \u201cCompany\u201d) securities between May 10, 2023 and February 25, 2025 (the \u201cClass Period\u201d), charging the Company and certain senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d). AppLovin investors have until May 5, 2025 to seek appointment as lead plaintiff of the AppLovin class action lawsuit. If you purchased or acquired AppLovin securities between May 10, 2023 and February 25, 2025, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit &hellip; Continue reading &quot;INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-12T22:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5MzY4OCM2ODA0MDI2IzIyNzUwODI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); 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DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel - Market Newsdesk","og_description":"SAN DIEGO, March 12, 2025 (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired AppLovin Corporation (NASDAQ: APP) (\u201cAppLovin\u201d or the \u201cCompany\u201d) securities between May 10, 2023 and February 25, 2025 (the \u201cClass Period\u201d), charging the Company and certain senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d). AppLovin investors have until May 5, 2025 to seek appointment as lead plaintiff of the AppLovin class action lawsuit. If you purchased or acquired AppLovin securities between May 10, 2023 and February 25, 2025, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit &hellip; Continue reading \"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-12T22:50:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5MzY4OCM2ODA0MDI2IzIyNzUwODI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-applovin-corporation-nasdaq-app-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against AppLovin Corporation (NASDAQ: APP); 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