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

Short-seller Fuzzy Panda Research has escalated its attack on AppLovin, urging the S&P Index Committee to exclude the company from the benchmark index due to serious allegations of policy violations and fraudulent practices. AppLovin’s stock soared over 700% in 2024, making it a potential S&P 500 candidate, but recent short reports led to a 15% drop. Despite AppLovin CEO Adam Foroughi denying the accusations, Fuzzy Panda claims the company’s revenue growth is based on data theft and revenue fraud, risking a ban from major app store platforms.

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