An investigation on behalf of investors of AppLovin Corporation (NASDAQ: APP) shares over potential securities laws violations by AppLovin Corporation and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of AppLovin Corporation (NASDAQ: APP), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of AppLovin Corporation (NASDAQ: APP) concerning whether a series of statements by AppLovin Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Palo Alto, CA based AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps worldwide. AppLovin Corporation reported that its annual Total Revenue rose from $994.1 million in 2019 to over $1.45 billion in 2020, and that its Net Income of $119.04 million in 2019 declined to a Net Loss of $125.18 million.
On April 15, 2021, AppLovin Corporation went public at $80 per share to raise $2 billion in its initial public offering (“IPO”)
Since then, AppLovin Corporation (NASDAQ: APP) declined to $58.50 per share.
Those who purchased shares of AppLovin Corporation (NASDAQ: APP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.