AppLovin Corp. faces drop in share prices amid misrepresentation claims and S&P 500 exclusion

From Yahoo Finance: 2025-06-24 10:22:00

AppLovin Corp. (APP) saw a 10.9% drop in share prices last week, closing at $324.7 amid concerns raised by Culper Research about misrepresentation of its Chinese operations and potential national security risks. The company denied claims of Chinese ownership and missed inclusion in the S&P 500 index rebalancing.

Culper Research accused AppLovin Corp. (APP) of misrepresenting its Chinese operations and shareholders, alleging ties to Chinese national Hao Tang through offshore shell companies owning 9.8% of Class A shares. The company refuted these claims, stating no Chinese ownership or connections.

Being left out of the S&P 500 index reshuffling contributed to negative investor sentiment towards AppLovin Corp. (APP) amidst conflicting reports on Chinese ties. The company’s denial of ownership and subsequent stock price decline exemplify the impact of market perception on stock performance.

AppLovin Corp. (APP) faced scrutiny over alleged misrepresentations of its Chinese connections, leading to a drop in share prices and missed inclusion in the S&P 500 index rebalancing. The company denied claims of Chinese ownership, highlighting the importance of transparency in maintaining investor confidence and market value.



Read more at Yahoo Finance: AppLovin Corp.(APP) Drops 10.9% W/W on Misrepresentation Claims