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SEC Probes AppLovin's Data Practices Amid Share Drop

10/7/2025

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Summary

Story summary

The U.S. Securities and Exchange Commission (SEC) is investigating AppLovin's data-collection practices after a whistleblower complaint and short-seller reports.
AppLovin's shares fell 14% at market close, and the SEC has not accused AppLovin of wrongdoing.
AppLovin has hired Quinn Emanuel to review short-seller claims, which the CEO calls inaccurate; the company has nearly doubled to over $230 billion this year.

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Story summary

The U.S. Securities and Exchange Commission (SEC) is investigating AppLovin's data-collection practices after a whistleblower complaint and short-seller reports.
AppLovin's shares fell 14% at market close, and the SEC has not accused AppLovin of wrongdoing.
AppLovin has hired Quinn Emanuel to review short-seller claims, which the CEO calls inaccurate; the company has nearly doubled to over $230 billion this year.