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-0.000133074282064329 -0.00061214169749559 -0.00057665522227849 -0.00249292488400354 -0.00211020324878681 0.00341557323964896 0.00341557323964896 0.00341557323964896
Stock impact report

AppLovin shares slide as short-seller alleges global money laundering ties [Yahoo! Finance]

Applovin Corporation - Class A (APP) 
Company Research Source: Yahoo! Finance
CapitalWatch, which alleges the NASDAQ-listed software firm has become a "safe haven" for illicit funds. The report claims the company's capital structure is deeply intertwined with a Southeast Asian money-laundering syndicate, moving billions of dollars in "black money" from Chinese Ponzi schemes and Cambodian fraud rings into U.S. markets. The investigation focuses on AppLovin's primary shareholder, Hao Tang, whom CapitalWatch describes as a "fugitive from Chinese justice" linked to the $36 billion collapse of the P2P platform Tuandai.com. Analysts at CapitalWatch allege that "every dollar of his equity is drenched in the blood and tears of victims of illegal fundraising." According to the report, the illicit proceeds from Chinese financial disasters and Southeast Asian "pig butchering" scams converge within AppLovin's ecosystem to achieve "identity laundering." CapitalWatch researchers claim to have tracked a "capital conveyor belt" that utilizes the company's advertising techn Show less Read more
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