Reported 2 days ago
The U.S. Securities and Exchange Commission (SEC) is investigating AppLovin's data-collection methods following allegations of violating service agreements with partners to enable targeted advertising. The probe, sparked by a whistleblower complaint and negative reports from short sellers, has seen AppLovin's shares drop 14%. Although no wrongdoing has been formally charged, the SEC is examining the company's practices amid ongoing regulatory scrutiny.
Source: YAHOO