AppLovin Under SEC Investigation!

AppLovin shares plunged Monday after a Bloomberg report revealed the SEC is investigating the company’s data collection and ad targeting practices. The probe follows a whistleblower complaint and multiple short-seller reports, though no wrongdoing has been officially alleged.

The investigation questions whether AppLovin violated agreements while delivering targeted ads using its powerful AI-driven AXON software.

Despite skyrocketing 700% in 2024 and joining the S&P 500, short-sellers like Muddy Waters and Fuzzy Panda Research accuse AppLovin of violating app store policies by extracting user data from Meta, TikTok, and Google without consent.

#WealthyBusiness, #AppLovin, #SECInvestigation, #StockMarket, #AdTech, #AI, #ArtificialIntelligence, #DataPrivacy, #Advertising, #TechNews, #BusinessNews, #ShortSellers, #Bloomberg, #Meta, #TikTok, #Google, #Regulation, #AXON, #PrivacyConcerns, #SP500, #Investing, #Stocks, #AItechnology, #MarketNews, #Innovation