Applovin Stock Plummets 24.43% in Two Days Amid Lawsuits, Trading Volume Ranks Sixth

On March 27, 2025, Applovin (APP) experienced a significant decline, dropping by 20.12% over two consecutive days, resulting in a total decrease of 24.43%. The trading volume reached 58.73 billion, making it the sixth highest in the market that day.

Applovin is currently facing multiple securities lawsuits. The complaints allege that the company and its executives provided investors with material information concerning AppLovin's financial growth and stability, which were later found to be false or misleading. These lawsuits seek to recover damages on behalf of investors who purchased AppLovin securities between May 10, 2023, and February 25, 2025.

One of the lawsuits, filed by Bronstein, Gewirtz and Grossman, aims to represent investors who believe they were misled by the company's statements. The lawsuit follows the publication of two reports that raised concerns about AppLovin's financial health and the accuracy of its disclosures. The firm is urging investors who suffered losses to contact them for more information about their legal rights.

Another lawsuit, filed by Faruqi & Faruqi, alleges that AppLovin and its executives violated federal securities laws by making false and/or misleading statements. The complaint details how the company's financial statements and public disclosures were not accurate, leading to significant losses for investors. The firm is reminding investors of the pending class action lawsuit and the deadline to file lead plaintiff applications.

Kahn Swick & Foti, LLC, a law firm representing investors, has also announced that they are investigating potential claims against AppLovin. The firm is reminding investors that they have until May 5, 2025, to file lead plaintiff applications in the securities class action lawsuit. The firm is urging investors who purchased AppLovin securities during the class period to contact them for more information.