AppLovin Shares Drop After Report of SEC Investigation Into Data Practices
AppLovin's stock price fell by about 14% on Monday after reports emerged that the U.S. Securities and Exchange Commission (SEC) is investigating the company's data-collection practices.
Bloomberg News reported that the SEC is looking into whether AppLovin may have violated service agreements with its platform partners regarding how it collects and uses data.
The investigation is ongoing, and specific details about the potential violations or the outcome have not been disclosed.
AppLovin is a technology company that provides marketing and advertising services for mobile apps.
AppLovin's stock dropped after news broke that the SEC is investigating its data-collection practices, which made investors concerned about potential risks for the company.
The SEC is looking into allegations that AppLovin may have violated agreements with its partners about how it collects and manages data.
No, the investigation is ongoing and no official outcome or penalty has been announced.
AppLovin is a company that offers marketing and advertising technology for mobile apps.
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