AppLovin stock tanks report SEC investigating company data collection
The Applovin logo was held on Wednesday, February 26, 2025 on a smartphone in New York.
Gabby Jones | Bloomberg | Getty Images
Applovin The shares he fell on Monday Bloomberg reported SEC’s mobile advertising company is investigating data collection applications.
Bloomberg is investigating whether the agency referred to people familiar with the issue and violates the agreement on pushing the targeted ads to consumers. In the report, he added that the SEC had filed a complaint with more than one short vendor report this year and that neither the company nor the officials were accused of injustice.
An Applovin spokesman said the company does not comment on the “existence or existence or existence of regulatory issues.
“This, as a global public company, we are interested in regularly organizers and take an investigation, we address them in ordinary course.” He said. He continued: “Material developments, if any, will be explained through appropriate public channels.”
Applovin’s shares shed tears and increased by more than 700% in 2024, he jumped about 80% this year. The fluctuation was directed by artificial intelligence technology that allows the company to provide better advertising targeting capabilities.
Last month, Applovin was added to S&P 500 replaced by Marketaxess Holdings, but also Robinity The Caesarsars joined the index instead of Entertainment.
Applovin, despite the short seller’s efforts to keep him away.
In March, Bulanık Panda Research advised the US Index committee to prevent Applovin from being founder. Applovin shares fell 15% in December, the committee chose the working day to join the S&P 500.
Three important short sellers, including Bulanık Panda, hit Applovin late. In the last, the company’s advertising tactics in March “Meta, Snap, Tiktok’dan registered identities unacceptable by unacceptable identities” systematic “application stores” systematically violated, he said. RedditMuddy Waters, “, Google and others.
Bulanık Panda and Clulper Research made reports in the previous month and targeted Applovin’s Axon software that enabled earnings and stock increase. Stocks fell 12% on February 26, the day of short reports.
After publishing these reports, Applovin CEO Adam Foroughi is a Blog postDefending the company’s technology and applications and targeting short sellers trying to profit from Applovin’s fall.
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