AppLovin has responded to recent criticism from short sellers by defending its business practices, asserting that its data collection is in line with industry standards. Following a 20% drop in stock price, CEO Adam Foroughi emphasized that the company's methods are comparable to those used by competitors like Meta and Google. He argued that the recent short-seller reports exaggerate concerns over AppLovin's practices. Despite these challenges, the stock rebounded slightly, indicating investor confidence in the company's ongoing operations and strategies within the advertising technology space.
"The AppLovin Axon pixel isn't unique in form or function compared to Meta and Google pixels. All three collect standard ad tech data."
"There's no smoking gun here; AppLovin's pixel is just another player in a crowded, well-trodden field."
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