AppLovin (APP) pushed back against a short-seller report that alleged the company has ties to a multibillion-dollar money-laundering network, Luke Juricic of Investing.com reported, citing an email from a company spokesperson. Shares dipped after a report published Tuesday by CapitalWatch claimed the company operates as a “safe haven” for illicit funds linked to Chinese Ponzi schemes and fraud operations in Cambodia. In an emailed statement to Investing.com, a spokesperson for AppLovin dismissed the allegations as “false, misleading, and nonsensical,” and said AppLovin “categorically rejects” the claims regarding its ownership structure and international activities.
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