NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased the securities of AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ:APP) between May 10, 2023 and February 25, 2025, both dates inclusive (the “Class Period”).
The Complaint alleges that Defendants provided investors with material information concerning AppLovin’s financial growth and stability. The Complaint further alleges that Defendants’ statements included, among other things, confidence in AppLovin’s launch of its AXON 2.0 digital ad platform and using “cutting-edge AI technologies” to more efficiently match advertisements to mobile games, in addition to expanding into web-based marketing and e-commerce. The Complaint continues to …
