The Bear Cave issued a new report on AppLovin (APP), saying it believes AppLovin’s rapid rise — up ~750% over the last year to around 35x revenue — is fueled by “low-quality” revenue growth from ads that are “deceptive, predatory, and at times unreadable or unclickable.” The firm’s investigation also explores allegations of potential ad fraud within AppLovin.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP: