AppLovin Probed by SEC Over Its Data-Collection Practices

AppLovin Corporation, a mobile advertising technology company, is under investigation by the U.S. Securities and Exchange Commission (SEC) regarding its data-collection practices. The investigation has resulted in a decline in the company's share price. The SEC is examining AppLovin's methods of collecting and using consumer data, including any potential violations of data privacy regulations or disclosures to investors. The investigation is ongoing, and the company has not provided any further details on the specific nature of the probe. The news of the SEC investigation has led to a drop in AppLovin's stock price, as investors react to the potential implications of the regulatory scrutiny. The company's data-collection practices and their impact on its business operations and financial performance are now under the spotlight. This development highlights the increasing importance of data privacy and the regulatory oversight of the tech industry's data-handling practices, which can have significant consequences for companies and their shareholders.