Oct. 7 at 10:44 AM
🚨
$APP tanks hard — down 14% Monday and sliding another 3% premarket after reports the SEC is probing its data collection practices 😬
👀 According to Bloomberg, regulators are digging into whether AppLovin violated platform agreements with tech giants like
$META,
$SNAP,
$GOOG, and
$RDDT — allegedly scraping user data to supercharge ad targeting.
🧨 The investigation stems from a whistleblower complaint and short-seller reports by Muddy Waters and Fuzzy Panda. While the SEC hasn’t accused
$APP of wrongdoing yet, the timing is brutal — just weeks after it joined the S&P 500.
📉 Shares are now trading around
$567, well off the
$745 high. Despite strong fundamentals (42% profit margin, 253% ROE), the heat is on heading into Nov 5 earnings.
💬 Traders are watching if
$APP can shake off the noise — or if this probe clips its wings for good.