AppLovin shares dive 19% after latest short-seller report

Shares in ad tech firm AppLovin dived by approximately 19% following the release of another short-seller report questioning the company’s advertising practices. Investment firm Muddy Waters has published a new report largely focused on its concerns around a potential violation of Apple and Google’s terms of service on their respective app stores, which it claimed could risk AppLovin being deplatformed. It claimed that if it isn’t, competitors will start copying its techniques. ... [MORE]