The U.S. Securities and Exchange Commission's investigation into marketing platform AppLovin is ongoing, according to a recent report.
Bloomberg News previously reported the SEC was examining allegations that AppLovin may have violated service agreements with platform partners to steer consumers toward more targeted advertising. The SEC has declined to release documents related to the probe, stating that doing so could jeopardize the active enforcement investigation. The agency cited concerns that such disclosures could lead to the fabrication of evidence, witness tampering, or the destruction of documents, potentially revealing cooperating parties.
While the SEC has not specified the investigation's scope or accused AppLovin or its executives of any wrongdoing, the probe is reportedly linked to a whistleblower complaint and multiple short-seller reports filed last year.