Investigation Underway: AppLovin Investors Seek Compensation for Potential Securities Violations

DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of AppLovin

New York, NY - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating claims on behalf of investors who purchased AppLovin Corporation ("AppLovin" or the "Company") (NYSE: APP) securities between May 24, 2021 and April 12, 2022.

The investigation centers around whether AppLovin made false and/or misleading statements and/or failed to disclose material information, including the Company's financial performance, business prospects, and internal controls.

On April 12, 2022, AppLovin announced that it had discovered "material weaknesses" in its internal controls over financial reporting, which led to the Company's restatement of its previously issued financial statements for the fiscal years 2020 and 2021. This news caused the Company's stock price to plummet, resulting in significant losses for many investors.

Faruqi & Faruqi, LLP is seeking to determine whether AppLovin and its officers and/or directors have breached fiduciary duties to shareholders, and whether the Company's financial statements were materially false and misleading. The firm is also investigating whether the Company's restatement of its financial statements was the result of internal controls failures, and whether the Company's internal controls were inadequate.

If you have invested in AppLovin securities and suffered a loss, you may be eligible to receive compensation. Faruqi & Faruqi, LLP is investigating claims on behalf of investors who purchased AppLovin securities during the class period. If you are interested in learning more about this investigation or have questions about your rights, please contact us at investorinfo@farquifaruqi.com or 1-877-264-5174. You can also learn more about the investigation by visiting our website at www.farquifaruqi.com. The deadline to file a claim is May 2, 2022.