Reported 2 days ago
The SEC is investigating AppLovin Corp.'s data-collection practices, prompted by allegations of violating service agreements with platform partners to enhance targeted advertising. Following the news, AppLovin's shares fell 19%, marking its largest drop in six months. Although the SEC has not yet indicated any wrongdoing by AppLovin, they are examining whistleblower complaints and reports by short-sellers that accuse the company of unauthorized user tracking across different platforms.
Source: YAHOO