AppLovin short-seller urges exclusion of the stock from S&P 500 index

▤ Summary

Last week, Fuzzy Panda was one of two firms, along with short-seller Culper Research, that critiqued AppLovins AXON software, the driver of the companys earnings growth and the stock surge. Following the reports from Fuzzy Panda and Culper, AppLovin CEO Adam Foroughi wrote in a blog post that the notes were "littered with inaccuracies and false assertions." "Its disappointing that a few nefarious short-sellers are making false and misleading claims aimed at undermining our success, and driving down our stock price for their own financial gain, rather than acknowledging the sophisticated AI models our team has built to enhance advertising for our partners," Foroughi wrote. Fuzzy Panda said its research consisted of interviews with former employees at AppLovin and Meta, industry experts and executives at other ad-tech companies as well as its own analysis and testing of the technology. In its earlier report on its short position, Fuzzy Panda wrote, "AppLovin has been playing a dangerous game and is risking a permanent ban from the duopoly mobile app store platforms that controls the gateway to >99% of the market."

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