AppLovin Scandal: New Target of Short Sellers?
Are the reports Overblown or Misleading? Maybe, here are the details for you. AppLovin's CEO, Adam Foroughi, dismissed short-seller reports from Fuzzy Panda & Culper Research as “false and misleading,” accusing them of driving down the company’s stock for financial gain. Inflating metrics and tracking users, including children, without consent? Auction Manipulation & Data Exploitation Click Fraud & UX Dark Patterns Targeting Minors & Illegal Tracking Foroughi refuted the claims, stating they contain inaccuracies and insisting the company does not track children’s data or engage in financial misconduct. He emphasized AppLovin’s focus on strategy, cash flow, and share buybacks. Short-sellers profit from declining stock prices, as seen in a recent case involving Roblox. Following their release, AppLovin’s shares dropped by up to 20%. Both Fuzzy Panda and Culper are short AppLovin stock, which means that they have essentially bet the […]