antiti
02-26

Two short sellers released reports on $AppLovin Corporation(APP)$ touching off a rout of as much as 21% in shares of 2024’s best performing technology stock.

AppLovin, which provides marketing services to app developers, fell to about $312 intraday, the lowest level since November and the worst intraday drop since 2022, as investors unwound some of the blistering rally that saw shares rise eight fold last year. The stock was briefly halted for a volatility pause.

The report comes with a perfect timing. The valuation is still too high after so many declines in the past 7 days.

Third Short-Selling on AppLovin: Buy the Dip or Go Short?
AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology Muddy Waters alleged that AppLovin’s ad tactics “systematically” violate app stores’ terms of service through “impermissibly extracting” user data. ------------- How do you view the third short selling on AppLovin? After 20% drop, will you buy the dip or go short?
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