Reminder for AppLovin Investors: Levi & Korsinsky Alerts of Ongoing Class Action Lawsuit

Investors who have invested in AppLovin are reminded by Levi & Korsinsky of the ongoing class action lawsuit with a lead plaintiff deadline of May 5, 2025. The lawsuit alleges that AppLovin violated federal securities laws and misled investors by failing to disclose certain risks associated with its business. The class action lawsuit includes investors who purchased or otherwise acquired AppLovin common stock between April 30, 2021, and March 3, 2022.

AppLovin is a mobile technology company that focuses on marketing and monetizing mobile apps. The company went public in April 2021 through a merger with a blank-check company. Following the merger, AppLovin’s stock price experienced significant volatility.

The lawsuit alleges that AppLovin made false and misleading statements regarding its business operations and financial prospects. These statements allegedly caused AppLovin’s stock price to be artificially inflated. However, on March 3, 2022, AppLovin disclosed disappointing financial results for the fourth quarter of 2021 and lowered its financial guidance for the first quarter of 2022. This led to a sharp decline in AppLovin’s stock price.

As a result of this disclosure, investors who purchased AppLovin stock during the class period suffered financial losses. The lawsuit seeks to recover these losses on behalf of affected investors.

Investors who wish to serve as lead plaintiff in the class action lawsuit must file a motion with the court by May 5, 2025. Serving as lead plaintiff involves overseeing the litigation on behalf of all other class members and making decisions regarding the direction of the lawsuit.

Investors who have suffered financial losses as a result of investing in AppLovin common stock are encouraged to contact Levi & Korsinsky to discuss their legal rights and options. The law firm specializes in securities litigation and has a track record of representing investors in similar cases.

In conclusion, investors in AppLovin are reminded of the pending class action lawsuit and the upcoming lead plaintiff deadline. The lawsuit alleges that AppLovin made false and misleading statements about its business operations, leading to a decline in its stock price. Investors who have suffered financial losses may be eligible to participate in the lawsuit and recover damages.