10 Firms Outperform Broader Market on Tuesday

8. AppLovin Corp. (NASDAQ:APP)

AppLovin saw its share prices rise by 6.69 percent on Tuesday to end at $282.7 apiece as investors cheered the company’s reassurance of best business practices, debunking allegations from Muddy Waters that it might be extracting proprietary IDs from major social media platforms, a violation of data privacy laws and could lead to deplatforming.

According to APP, it hired Quinn Emanuel Firm to conduct an independent review and investigation into Muddy Waters’ allegations.

“We are fully committed to defending the Company, its operations, and its reputation from those seeking to manipulate the market through false narratives,” said APP CEO Adam Foroughi. “We will take all necessary steps to ensure the facts are known and to protect our employees, stockholders, and partners.”