Is It Too Late to Buy AppLovin Stock After Its Nearly 300% Rise Over the Past Year?

AppLovin (NASDAQ: APP) has come under a lot of scrutiny this year. It's been the target of not just one short-seller report but three. However, the bulls won the latest round when the company once again reported strong results in the first quarter, and the stock shot higher. It's up nearly 288% over the past year, as of this writing.The three reports are from the colorfully named Fuzzy Panda Research, Muddy Waters, and Culper Research. The reports all try to cast doubt on the legitimacy and effectiveness of AppLovin's artificial intelligence (AI) adtech platform, Axon 2.0. Some of their claims include that AppLovin's software violates user privacy and installs apps on users' devices without their consent. This could lead to its software services being banned from app stores due to policy violations. AppLovin CEO Adam Foroughi has denied the allegations, saying that Axon 2.0's complexity lets short sellers "stir fear and doubt." He told investors to "dip deeper," while noting AI chatbots could easily disprove the short-seller claims.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool