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Shares application It fell 13% on Wednesday as two text messages reported doubts about the integrity of the company’s AI-powered axon adware that helped push the tech giant into the best performing technology stock in 2024.
Short seller Fuzzy panda Claiming the axon model is a “house of cards contact” based on fraudulent advertising strategies.
“We think Appleovin has canceled all the tricks in the book,” the post said. “We were told they were from Yuan In their e-commerce drive. We also found that Applovin utilizes consumers and their data in a clearly violated way Google and Apple’s App Store Policy. ”
Fuzzy panda report and Culper Research Follow the stars The fourth quarter revenue beat In February, Wall Street felt bullish on Apple. CEO Adam Foroughi announced that the company will tear down its mobile gaming space and continue to expand the Axon model to other e-commerce areas such as healthcare, automobiles and more. Appleovin’s advertising revenue rose 73% in the quarter to nearly $1 billion.
“We believe that Applovin’s recent success with mobile gaming stems from system development for application permissions, which enables the ad itself to force the ad directly, directly on the user’s phone, with just one click – This A often unintentional incident with the company’s infamous UX head,” Culper analysts wrote.
Stock of the Palo Alto-based company soared more than 700% in 2024 and was the industry’s best performance, becoming one of the biggest beneficiaries of AI Boom, coupled with the growth of online advertising .
Fuzzy Panda confirmed to CNBC that the company still lacks Appleovin. Culper Research shared some research with the vague panda in a letter from Culper Research founder Christian Lamarco, and did not immediately respond to a confirmation request at the time of publication.
Appleovin declined to comment.
