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-6.67880995749832E-05 0.00169138693728852 0.00591985428051006 -0.00222265591118045 -0.000552953421805871 0.0108313817330211 0.01578627808136 0.0169463960447567
Stock impact report

Short-seller CapitalWatch apologizes, retracts report on AppLovin shareholder [CNBC]

Applovin Corporation - Class A (APP) 
Company Research Source: CNBC
In an apology on X, CapitalWatch wrote that its associations between AppLovin shareholder Hao Tang and criminal syndicates were inaccurate. Though it retracted the reporting, CapitalWatch said its stance on AppLovin's financials remains unchanged. In this article The AppLovin logo arranged on a laptop in New York on Feb. 26, 2025. Gabby Jones | Bloomberg | Getty Images Short-seller CapitalWatch has issued an apology and revised its report accusing a major AppLovin shareholder of financial crimes. The report, published last month, alleged relationships between Hao Tang and criminal syndicates, which the short-seller now says is inaccurate. “Descriptions asserting direct connections between Mr. Tang and Chen Zhi, Prince Group, Jin Bei Group, Tang Jun, and Yang Zhihui were inaccurate and failed to meet our publication standards,” CapitalWatch wrote in its apology on X posted Sunday. “In light of these factual discrepancies—and to prevent the spread of misinformation and Show less Read more
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