short-seller

AppLovin has issued a cease and desist letter to short-seller CapitalWatch, calling its report alleging the ad-tech firm functions as a “digital laundromat” for criminal syndicates “defamatory” and “baseless.” The company vehemently denied any ties to individuals indicted for financial crimes, including Hao Tang and Chen Zhi, challenging CapitalWatch to provide evidence. This response follows similar criticisms from other short-selling firms and underscores the intense scrutiny the ad-tech sector faces.