Short-seller reports on Applovin are 'poorly reasoned'

The recent short-seller reports on Applovin (APP) have sparked a significant decline in the company's stock price, with shares falling as much as 22% on Wednesday. However, the allegations made in these reports have been met with skepticism from some industry experts, who argue that the reports are 'poorly reasoned' and lack concrete evidence.

The reports, published by Culper Research and Fuzzy Panda Research, allege a variety of fraudulent and deceptive practices by Applovin, including:

* Exploiting dangerous app permissions to trigger backdoor app installations
* Stealing data from Meta Platforms (META) by reverse engineering their ad data
* Tracking users without their consent, including children



However, some industry experts have criticized the reports for lacking concrete evidence and relying on speculation. For example, Wedbush analyst Dan Ives wrote in a note to clients that the reports "appear to be misguided and misinformed." He argued that the reports' claims about Applovin's data collection and usage practices were "not supported by any evidence or data points."

Moreover, Applovin's CEO Adam Foroughi has dismissed the reports as "littered with inaccuracies and false assertions." He stated that the company would address the reports in a detailed response.



It is worth noting that short-seller reports are not always reliable, and investors should exercise caution when making investment decisions based on such reports. While the allegations made in these reports may be true, it is essential to wait for concrete evidence and official responses from the company before taking any action.

In conclusion, the recent short-seller reports on Applovin have raised serious concerns about the company's business practices. However, the reports have been criticized for lacking concrete evidence and relying on speculation. Investors should wait for official responses from the company and concrete evidence before making any investment decisions.