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Why AppLovin Stock Was Falling Today

TheMotleyFool

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Why AppLovin Stock Was Falling Today: https://g.foolcdn.com/editorial/images/852393/digital-ads-ad-tech.jpg

Shares of AppLovin (NASDAQ: APP) were pulling back today after the high-flying ad-tech company got hit by another short-seller report.

This time, CapitalWatch, a financial research company, accused AppLovin of fostering a Southeast Asian money laundering network.

The accusation came out on Monday, and the stock fell as much as 5% yesterday, but AppLovin recouped most of those losses. Today, AppLovin pushed back on the report as the stock fell 5.8%.

Source Fool.com

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