• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

AppLovin Sinks as Short Sellers Target 2024’s Top Tech Stock

February 26, 2025
in Technology & Startups
Reading Time: 3 mins read
A A
0
8
SHARES
17
VIEWS
Share on FacebookShare on Twitter


(Bloomberg) — Two short sellers released reports on AppLovin Corp., touching off a record intraday rout of as much as 23% in shares of 2024’s best performing technology stock.

Most Read from Bloomberg

Shares of AppLovin, which provides marketing services to app developers, pared some of those losses to close down 12% Wednesday, shedding nearly $17 billion in market value 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.

Fuzzy Panda and Culper Research both published short reports against the company, just days after The Bear Cave issued its own cautious report. The reports effectively allege that AppLovin misrepresents the benefits of its AI advertising platform and instead “force-feeds” app installations on to phones as a way to drive up revenue.

AppLovin’s Chief Executive Officer, Adam Foroughi, said in a Wednesday blog post that the reports “are littered with inaccuracies and false assertions.”

“It’s disappointing that a few nefarious short-sellers are making false and misleading claims aimed at undermining our success, and driving down our stock price for their own financial gain, rather than acknowledging the sophisticated AI models our team has built to enhance advertising for our partners,” he wrote.

Wedbush analysts led by Michael Pachter called the short reports misguided in a note out Wednesday afternoon. They maintained their outperform rating and $620 price target on shares of AppLovin.

“If AppLovin is, in fact, committing fraud, we find it highly unlikely that it has yet to face a legal challenge from former employees, Facebook, advertisers or competitors. We also find it inconceivable that no regulators, attorney generals nor legal authorities have yet begun an investigation,” Pachter wrote. “It is important to note that APP’s financial reports are audited, and the auditors have not raised any fraud issues.”

Last year’s rally was concentrated in the fourth quarter, amid excitement over the company’s AI-powered advertising engine. It coincided with a rotation from semiconductor stocks into AI-linked software companies. AppLovin was also added to the Nasdaq 100 Index in November, replacing Dollar Tree Inc. While its valuation jumped by more than $100 billion over that span, its overall size remains small compared to trillion-dollar tech giants like Meta Platforms Inc. and Apple Inc.

The surge continued this year through the company’s mid-February earnings report, which sent shares soaring after the company’s results and outlook beat analyst expectations. Since then, however, its stock price has been pressured by the Bear Cave report and an announcement from Unity Software Inc. that it would launch its new AI-driven ad platform. As of Tuesday’s close — before the two short reports — shares were more than 25% off a record high.

Still, Wall Street has been largely positive on the company, which boasts 21 buy ratings, 6 holds and no sells. The average price target of $542.59 is more than 40% higher than where shares traded ahead of Wednesday’s plunge. In a Feb. 21 note, Benchmark analyst Mike Hickey called the pullback in AppLovin’s shares after Unity’s announcement a buying opportunity.

“While some investors fear competitive pressures on AppLovin’s ad model, we believe this reaction is unwarranted,” Hickey wrote. “Unity’s relaunch is an ambitious, multi-quarter transformation with unproven results, whereas AppLovin’s ad platform is already well established, high-margin, and scaling effectively.”

(Updates stock move at market close.)

Most Read from Bloomberg Businessweek

©2025 Bloomberg L.P.

Tags: AppLovinBear CaveBloombergfinancial reports
Previous Post

Why the 2SLGBTQ+ community wants police to treat the brutal murder of a trans man as a hate crime

Next Post

Can You See the Dog? Puppy-Shaped Mountain Becomes Tourist Destination After Viral Photo

Related Posts

Departure of Tesla’s humanoid robot boss caps tough week for Elon Musk, amid bitter fallout with Trump

June 7, 2025
4

Tesla’s Optimus humanoid robot program head exiting firm, Bloomberg News reports

June 6, 2025
6
Next Post
Yahoo lifestyle home

Can You See the Dog? Puppy-Shaped Mountain Becomes Tourist Destination After Viral Photo

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Seattle man charged with string of burglaries targeting pro athletes

Seattle man charged with string of burglaries targeting pro athletes

June 7, 2025
Single-dose CAR-T therapy potentially curative in multiple myeloma

Single-dose CAR-T therapy potentially curative in multiple myeloma

June 7, 2025
Afghanistan Eid al-Adha

A top Taliban official offers amnesty to Afghans who fled the country and urges them to return

June 7, 2025
Trump and Musk’s split reflects a nation that’s divided on clean energy

Trump and Musk’s split reflects a nation that’s divided on clean energy

June 7, 2025

Recent News

Seattle man charged with string of burglaries targeting pro athletes

Seattle man charged with string of burglaries targeting pro athletes

June 7, 2025
6
Single-dose CAR-T therapy potentially curative in multiple myeloma

Single-dose CAR-T therapy potentially curative in multiple myeloma

June 7, 2025
6
Afghanistan Eid al-Adha

A top Taliban official offers amnesty to Afghans who fled the country and urges them to return

June 7, 2025
7
Trump and Musk’s split reflects a nation that’s divided on clean energy

Trump and Musk’s split reflects a nation that’s divided on clean energy

June 7, 2025
7

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Seattle man charged with string of burglaries targeting pro athletes

Seattle man charged with string of burglaries targeting pro athletes

June 7, 2025
Single-dose CAR-T therapy potentially curative in multiple myeloma

Single-dose CAR-T therapy potentially curative in multiple myeloma

June 7, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co