On March 28, 2025, AppLovin Corporation announced it has retained Alex Spiro, a partner and Co-Chair of the Investigations, Government Enforcement & White Collar Defense Practice at Quinn Emanuel Urquhart & Sullivan. The firm was hired to conduct an independent review and investigation into recent short report activity targeting AppLovin.
CEO Adam Foroughi stated that this action reflects the company's unwavering commitment to transparency, integrity, and the protection of its business, shareholders, and stakeholders. He emphasized that AppLovin takes these matters seriously and is determined to thoroughly examine the circumstances and motivations behind the dissemination of misleading or inaccurate information.
Foroughi also publicly responded to the short-seller claims, stating that the reports were 'littered with inaccuracies and false assertions.' The retention of a nationally recognized legal firm with expertise in securities and corporate investigations signals AppLovin's intent to vigorously defend against the allegations.
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