ToplineAppLovin shares tumbled as the Securities and Exchange Commission launched a probe into alleged data-collection violations tied to targeted ads, according to Bloomberg, erasing about $8.65 billion in wealth held by the company’s top executives and key early investors.CHONGQING, CHINA - MAY 04: In this photo illustration, the logo of AppLovin Corporation is displayed on a smartphone screen, with a stock market chart in the background suggesting recent trading activity, on May 04, 2025. AppLovin is a U ...