AppLovin stock sinks after short-seller report alleges money laundering; company calls claims “nonsensical”
New York, Jan 21, 2026, 17:30 EST — After-hours Shares of AppLovin Corp (APP.O) dropped 5.9% on Wednesday, closing near $532.56 in late trading. The decline came after the company denied claims made in a short-seller report linking the mobile ad firm to money laundering. The timing of these claims is tricky for AppLovin. Its stock has surged, drawing a lot of attention, and accusations related to anti-money-laundering controls often escalate beyond valuation issues into serious governance concerns. They also pose a practical question for investors: will any regulator, exchange, bank, or key business partner decide the accusations merit further