Harsh allegations slam AppLovin stock price
Here’s what happened to the stock.
AppLovin (APP) , the best-performing tech stock in 2024, dropped 14% after two short-selling reports.
The stock of the Palo Alto., Calif., adtech platform for mobile gaming apps surged 8 times last year. It went public in 2021 and rode the wave of online-game excitement during the Covid-19 era.
Since then, it has built a position in the crowded digital ad market, competing with major players like Alphabet (GOOGL) and Meta (META) .
