TheBearCave: Culper Research published a follow-up article on AppLovin (NASDAQ: APP — $123 billion), a mobile app monetization company. Culper called the company’s recent bid for TikTok “a ‘Hail Mary’ attempt to alchemize its stock promotion into something lasting” and said the company “has blatantly misrepresented the scope of both its Chinese shareholders and its Chinese operations.” Specifically, Culper said that Chinese national Hao Tang, “controlled up to 28% of AppLovin Class A shares ahead of the company’s 2021 IPO, and continues to control at least 9.8% of Class A shares” and alleged Mr. Tang has “numerous ties to the CCP, money laundering, illegal gambling, and human trafficking operations.”Culper Research published a follow-up article on AppLovin (NASDAQ: APP — $123 billion), a mobile app monetization company. Culper called the company’s recent bid for TikTok “a ‘Hail Mary’ attempt to alchemize its stock promotion into something lasting” and said the company “has blatantly misrepresented the scope of both its Chinese shareholders and its Chinese operations.” Specifically, Culper said that Chinese national Hao Tang, “controlled up to 28% of AppLovin Class A shares ahead of the company’s 2021 IPO, and continues to control at least 9.8% of Class A shares” and alleged Mr. Tang has “numerous ties to the CCP, money laundering, illegal gambling, and human trafficking operations.” 6/15/25
Culper Research published a follow-up article on AppLovin (NASDAQ: APP — $123 billion), a mobile app monetization company. Culper called the company’s recent bid for TikTok “a ‘Hail Mary’ attempt to alchemize its stock promotion into something lasting” and said the company “has blatantly misrepresented the scope of both its Chinese shareholders and its Chinese operations.” Specifically, Culper said that Chinese national Hao Tang, “controlled up to 28% of AppLovin Class A shares ahead of the company’s 2021 IPO, and continues to control at least 9.8% of Class A shares” and alleged Mr. Tang has “numerous ties to the CCP, money laundering, illegal gambling, and human trafficking operations.”Culper Research published a follow-up article on AppLovin (NASDAQ: APP — $123 billion), a mobile app monetization company. Culper called the company’s recent bid for TikTok “a ‘Hail Mary’ attempt to alchemize its stock promotion into something lasting” and said the company “has blatantly misrepresented the scope of both its Chinese shareholders and its Chinese operations.” Specifically, Culper said that Chinese national Hao Tang, “controlled up to 28% of AppLovin Class A shares ahead of the company’s 2021 IPO, and continues to control at least 9.8% of Class A shares” and alleged Mr. Tang has “numerous ties to the CCP, money laundering, illegal gambling, and human trafficking operations.” 6/15/25