Overview

• Bloomberg reported that the SEC is examining whether AppLovin violated partners' service agreements tied to targeted advertising.
• The agency’s cyber and emerging-tech unit is conducting the review, according to the report.
• AppLovin says it does not create alternative device identifiers and that it routinely engages with regulators.
• Shares fell as much as 19% during Monday trading and closed down 14.03% at $587, according to Benzinga.
• Neither the company nor its officials have been accused of wrongdoing, and the SEC declined to comment.