US Stocks Movement | AppLovin rises another 3.4% pre-market as short-selling firm withdraws allegations against major shareholders
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Gelonghui, February 10th|AppLovin (APP.US) surged more than 13% on Monday, and continued to rise 3.4% in pre-market trading, reaching $476. In terms of news, short-selling agency CapitalWatch recently withdrew its allegations against AppLovin's major shareholder and issued an apology statement on social platform X. Last month, CapitalWatch released a report accusing one of AppLovin's major shareholders, Hao Tang, of having ties to a criminal organization. However, in its latest statement, the agency said that in order to prevent the spread of misinformation and protect the legal rights of the parties involved, it has decided to delete and withdraw the relevant content involving Tang personally.
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