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from24/7 Wall St.
1 week ago

AI Darling to Crime World Laundromat? AppLovin Tanks on Short-Seller's Bombshell Report

The CapitalWatch report, titled "The Southeast Asian Money Laundering Syndicate's NASDAQ 'Laundromat'," focuses on AppLovin's capital structure and operations. It accuses primary shareholder Hao Tang and his network of injecting illegal funds into the company while evading anti-money laundering rules. The document links these funds to about 6.67 billion yuan in illegal proceeds from China's Tuandaiwang platform, a collapsed peer-to-peer lending site, and revenues from Southeast Asian scams like "pig-butchering" crypto frauds.
US news
Marketing tech
fromThe Motley Fool
2 months ago

AppLovin Beats Earnings, but the SEC Investigation Is the Real Story Investors Should Be Watching | The Motley Fool

AppLovin's robust revenue and EBITDA growth is being weighed down by an SEC probe into its data-collection practices, pressuring its stock.
#applovin
fromFast Company
3 months ago
Tech industry

AppLovin stock price turns positive today after tanking on rumored SEC probe. Here's what's happening

fromAol
3 months ago
Marketing tech

AppLovin probed by US SEC over data-collection practices, Bloomberg News reports

fromAol
3 months ago
US news

AppLovin probed by US SEC over data-collection practices, Bloomberg News reports

fromFast Company
3 months ago
Tech industry

AppLovin stock price turns positive today after tanking on rumored SEC probe. Here's what's happening

fromAol
3 months ago
Marketing tech

AppLovin probed by US SEC over data-collection practices, Bloomberg News reports

fromAol
3 months ago
US news

AppLovin probed by US SEC over data-collection practices, Bloomberg News reports

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Marketing tech
fromBenzinga
3 months ago

AppLovin (APP) Stock Plunges As SEC Probes Data Practices: Report - AppLovin (NASDAQ:APP)

SEC probe into AppLovin's data-collection practices and alleged unauthorized fingerprinting triggered a sharp stock decline and threatens targeting precision, partner ties, and growth.
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