AppLovin (APP) stock swings after-hours as SEC probe stays “active” and social-platform hiring pops up
AppLovin shares rose 1.6% to $418.68 in late after-hours trading Friday after a report said the SEC investigation into the company remains active. Earlier, the stock hit $443 before retreating. A job post described work on a “next-generation social platform.” An insider filing showed director Herald Y. Chen converted 150,000 Class B shares to Class A and gifted 100,000 Class A shares.