Why AppLovin Corp. (APP) Went Down On Friday?
From Yahoo Finance: 2025-04-12 02:48:00
Wall Street indices rebounded on Friday amid ongoing trade tensions. Nasdaq rose 2.06%, S&P 500 grew 1.81%, and Dow Jones increased by 1.56%. Ten companies recorded losses despite market optimism, with AppLovin Corp. dropping 5.26% following a shareholder lawsuit announcement alleging dishonest advertising practices. The company reassured investors and hired a law firm to investigate.