Short Seller Levels Serious Allegations Against Applovin

Reported 2 days ago

Culpepper Research has launched strong accusations against tech firm Applovin, claiming involvement in illicit practices and ties to Chinese investors that pose a national security risk. Despite Applovin's stock soaring nearly 400% this year, it faced a recent decline amid these allegations, which suggest a lack of transparency regarding ownership and operations, particularly involving a Chinese national. The activist firm argues that these connections could jeopardize the integrity of American data.

Source: YAHOO

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