APPLOVIN 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against AppLovin Corporation - APP

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in securities class action lawsuits against AppLovin Corporation (NasdaqGS: APP), if they purchased the Company’s securities between May 10, 2023 and March 26, 2025, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of AppLovin and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-app/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 5, 2025.

About the Lawsuits

AppLovin and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On February 26, 2025, analyst research reports highlighted that the Company was engaging in “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, such as by having ads click on themselves or utilizing design gimmicks to trigger forced shadow downloads, erroneously inflating installation numbers and, in turn, its profit figures. On this news, the price of AppLovin’s shares fell from $377.06 per share on February 25, 2025 to $331.00 per share on February 26, 2025.

Then, on March 26, 2025, Muddy Waters Research reported that the Company systematically used proprietary third-party data in ways that violated the terms of service of Facebook, Google, Snap, Reddit, as well as other platforms, potentially leading to backlash and service blocking and threatening the sustainability of the Company’s revenue growth. On this news, the price of AppLovin’s shares plummeted 20.1 percent, dropping from $327.62 to $261.70 per share on March 27, 2025.

The first-filed case is Quiero v. AppLovin Corporation, et al., No. 25-cv-02294. A subsequent case, Wayne County Employees' Retirement System v. AppLovin Corporation, et al., No. 25-cv-3438, expanded the class period.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

To learn more about KSF, you may visit www.ksfcounsel.com.