Reported about 10 hours ago
AppLovin, an advertising technology company, is currently facing challenges due to multiple short-seller reports and a probe by the SEC regarding its data collection practices. The stock has recently declined 15% in a month and is down 26% from its 52-week high, despite a staggering 3,000% increase over the last three years. While some might consider purchasing shares during this dip, concerns about the company's high valuation—trading nearly 80 times its earnings—indicate significant risk, suggesting that investors may be better off waiting to see how the situation unfolds.
Source: YAHOO