AppLovin stock price gains narrow, SEC confirms investigation is still ongoing

2026-02-20 21:08:39

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Investing.com – AppLovin Corp. (NASDAQ:APP) stock price narrowed its gains on Friday, after the U.S. Securities and Exchange Commission confirmed that an investigation into the mobile advertising technology company is still ongoing.

According to a letter sent to Bloomberg News on Friday, the regulatory agency refused to share internal communications among staff regarding AppLovin, stating that disclosing such information could harm the ongoing law enforcement investigation.

The SEC stated that making these communications public could allow individuals and entities involved in the investigation to fabricate evidence, influence witness testimony, or destroy and tamper with documents. The agency added that these materials could also reveal the identities of witnesses cooperating with the investigation.

Despite Bloomberg’s cautious report, AppLovin’s stock rose 3.1% on Friday.

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