Applovin Falls 5.6% Amid Regulatory Probe

6 days ago

"And finally, the worst performer in the S&P 500 though was Apploving down 5.6%. Shares fell after the New York Post reported that state regulators have reached out to multiple short sellers in a possible preliminary probe for the mobile advertising company. The states include Delaware, Oregon, and Connecticut. The report comes after news earlier this month that the SEC has been probing Apploving's data collection practices."

The commentary on Applovin is notably bearish, as the stock fell by 5.6% following regulatory scrutiny. The mention of outreach to short sellers and ongoing SEC probes signals heightened risks associated with its practices.

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