The inquiry follows a July 13, 2026, research note from Bank of America Securities, which highlighted weaker-than-anticipated results for the sector. Investors saw the stock tumble $64.13 to close at $442.85 per share after the analyst report questioned the success of AppLovin’s recent technological rollout. Pomerantz LLP, a firm with a long history in securities and antitrust class litigation, is now soliciting contact from shareholders to determine if the company or its officers engaged in unlawful business practices or breaches of fiduciary duty.