Short-seller Muddy Water Research takes aim at AppLovin (APP). It argues the software advertising company saw more than half of its e-commerce conversation from retargeting and violated terms of service on major digital ad platforms.
AppLovin (APP) shares rebounded Friday morning after losing one-fifth of their value in Thursday trading as the company said it has hired an attorney to investigate recent short seller reports.
AppLovin defended its business practices in response to short sellers and hired a law firm to investigate recent short-report activity. AppLovin stock rose Friday.
AppLovin APP-20.12% stock jumped Friday paring some of its losses after plunging 20% in the previous session following a short-seller report.
AppLovin (APP) shares plummeted Thursday after short seller Carson Block's Muddy Waters said it was taking a short position, alleging the adtech company engaged in “scammy” practices.
Shares of AppLovin sank more than 20% Thursday after short-selling firm Muddy Waters went after the company's ad technology. Muddy Waters alleged that AppLovin's ad tactics "systematically" violate app stores' terms of service through "impermissibly extracting" user data.
AppLovin stock tumbled Thursday after a prominent short seller issued a negative report on the app marketing firm. The post AppLovin Stock Tumbles On Short-Seller Takedown appeared first on Investor's Business Daily.
CNBC's Seema Mody joins 'Power Lunch' to report on what's behind AppLovin share decline.
AppLovin (APP 1.88%), a publisher of mobile games and app monetization tools, went public on April 15, 2021, at $80. Today, its stock trades at about $315 -- so a $10,000 investment would have grown to over $39,000 in less than four years.
In the closing of the recent trading day, AppLovin (APP) stood at $346.29, denoting a +1.93% change from the preceding trading day.
AppLovin Corp. APP shares are higher on Tuesday. The stock has gained more than $100 in just three weeks.
Here is how AppLovin (APP) and PagSeguro Digital Ltd. (PAGS) have performed compared to their sector so far this year.