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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Southwest Airlines Baggage Change: Which Airlines Charge for Checked Bags?
Southwest Airlines is ending its free checked baggage policy starting May 28, except for A-List Preferred members and Business Select ticket holders. The airline aims to increase revenue and attract new customers by implementing baggage fees aligned with industry norms. Baggage fees have become a significant revenue source for airlines, with competitors like American, Delta, and United earning billions from checked baggage charges. Full Article
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