Reported 3 days ago
AppLovin's stock is bouncing back after a significant 20% drop triggered by a short-selling report from Muddy Waters. In response, the company has hired a law firm to investigate these short-selling activities and its CEO has encouraged investors to scrutinize the claims, arguing that modern AI tools can quickly discredit such reports. Despite the turmoil, analysts remain largely optimistic about the stock.
Source: YAHOO