AppLovin shares rise 1.53% premarket after allegations of 'Ad Fraud' and manipulative practices.

Applovin Corporation rose 1.53% in premarket trading, following the announcement by Kahn Swick & Foti, LLC that they have commenced an investigation into the company. The investigation is based on allegations of 'Ad Fraud' and other dubious practices, including reverse engineering and exploiting advertising data from Meta Platforms, and utilizing manipulative practices to artificially inflate their own ad click-through and app download rates.