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Fuzzy Panda Research
Initial Report Date(2025/02/26)Share Price:NA  
AppLovin (APP) – Formers Allege Ad Fraud; Is DTC Hype Actually ‘Stealing’ Meta’s Data; Illegal Tracking of Children & Serving Sex Ads to Kids 
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We are short AppLovin (APP). Formers employees told us this AI Hype Story was built on “Ad Fraud.” Experts told us that the E-Com bull case relies on “copying META’s data.” We uncovered sexual ads served to kids, and the potential illegal tracking of children. Meanwhile, Culper Research destroys the growth story by uncovering illicit "Direct Downloads" without user consent that reportedly were the AppLovin's #1 revenue driver.
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QTinsight - Customized Global Investment Research
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