Shares of AppLovin tumbled 13% Wednesday as two short seller reports cast doubt on the integrity of the company's artificial intelligence-powered AXON advertising software that helped drive the tech … [+1813 chars]
AppLovin shares tumble 13% as short sellers question its centerpiece AXON ad software - CNBC
Short seller Fuzzy Panda alleged that the AXON model was "the nexus of a House of Cards" built on fraudulent advertising tactics.
By:CJ Haddad
Source:CNBC
Published:
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