economy
February 9, 2026
AppLovin's stock pops 14% after short seller CapitalWatch apologizes, retracts report on shareholder
CapitalWatch wrote that its report linking AppLovin shareholder Hao Tang and criminal syndicates was inaccurate.
TL;DR
- CapitalWatch apologized and retracted parts of its report accusing AppLovin shareholder Hao Tang of financial crimes.
- The short seller stated that descriptions linking Tang to criminal syndicates were inaccurate.
- AppLovin had previously demanded a retraction of the report, calling it "defamatory and baseless".
- AppLovin's stock price increased by 14% following the apology and retraction.
- CapitalWatch stated its overall stance on AppLovin's financials remains unchanged.
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