AppLovin Stock Crashes as SEC Probes Data-Collection Practices Following Whistleblower Complaint
San Francisco — Shares of AppLovin plunged on Monday after Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) has launched an investigation into the company’s data-collection and ad-targeting practices. According to the report, the SEC inquiry centers on whether AppLovin violated agreements related to how it pushes targeted ads to consumers, citing people…