AppLovin Stock Plummets 6.77% with 24.49 Billion Shares Traded Ranking 23rd in Market Amidst Securities Fraud Lawsuit

On April 30, 2025, Applovin (APP) experienced a significant decline in its stock price, dropping by 6.77%. The trading volume for the day was substantial, reaching 24.49 billion, making it the 23rd highest in the market for that day.

Investors in AppLovin Corporation who suffered losses are being notified of a class action securities lawsuit. The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud between May 10, 2023, and March 26, 2025. The complaint alleges that AppLovin's executives provided misleading information about the company's financial growth and stability, including confidence in the launch of its AXON 2.0 digital ad platform and the use of cutting-edge AI technologies. The truth emerged on February 26, 2025, when reports revealed that AppLovin was reverse engineering and exploiting advertising data from Meta Platforms, utilizing manipulative practices to artificially inflate ad click-through and app download rates.

Investors who suffered losses during the relevant time frame have until May 5, 2025, to request that the Court appoint them as lead plaintiff. This appointment is not required to share in any recovery, and there is no cost or obligation to participate. The law firm Levi & Korsinsky, LLP, which has a track record of securing hundreds of millions of dollars for aggrieved shareholders, is representing investors in this complex securities litigation.