AppLovin vs Lovable

Levi & Korsinsky Reminds AppLovin Shareholders of Lead Plaintiff Deadline

Levi & Korsinsky, LLP alerts investors in AppLovin Corporation (NASDAQ: APP) that a securities class action lawsuit has been filed on behalf of shareholders who purchased securities between February 12, 2026 and August 5, 2026. The lawsuit alleges that AppLovin made materially false or misleading statements regarding the pace of improvement of its AI models and the development status of its generative AI video creative tool for its AppLovin Ads platform. On August 5, 2026, the company reported quarterly revenue of $1.92 billion against consensus estimates of $1.94 billion, and management stated that model improvements were "lighter than normal" and the video tool was still a "work in progress." The stock dropped 19.66% ($82.13) to close at $335.67 on August 6, 2026. The lead plaintiff deadline is November 16, 2026.

• Securities class action filed against AppLovin Corporation for alleged misstatements about AI model improvements and video tool readiness.
• Class period: February 12, 2026 to August 5, 2026.
• APP stock dropped 19.66% ($82.13) to close at $335.67 on August 6, 2026.

AppLovin publishes new blog post: 'Ad quality tools should catch bad ads, not collect other networks' user-level data'

New blog post by Adam Foroughi on Sep 16, 2026, discussing ad quality tools and data collection practices.

AppLovin Platform Ad Spend Rounds to $20 Billion Annual Run Rate

During the All-In Summit 2026, AppLovin CEO Adam Foroughi revealed that the company's platform ad spend grew 60% year-over-year to approximately $20 billion annually. He emphasized the scale of mobile gaming, with over a billion daily players, and estimated that total mobile gaming ad spend across all companies exceeds $50 billion. Foroughi argued that personalized ads offer greater economic expansion potential than chatbots, advocating for relevant ads despite privacy regulations. He also discussed AppLovin's past struggles, including a stock decline in 2022, and the strategy of buying studios as a data play before divesting.

• AppLovin's platform ad spend grew 60% Y/Y to approximately $20 billion annually.
• AppLovin CEO Adam Foroughi spoke at the All-In Summit 2026.
• Foroughi estimated that total mobile gaming ad spend across all companies is around $50 billion per year.

Lovable acquires Sutro to make software easier to explain and easier to trust

Lovable has acquired Sutro. Founder Tomas Halgas and three Sutro engineers join Lovable to make how software works understandable to the people building with it.

Lovable raises $400M in Series C funding at $13.3B valuation

Lovable has raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and the Scaleup Europe Fund, managed by EQT.

Europe's unicorn boom masks early-stage funding crisis

A new report by global VC Antler, released at its European Founder Conference in London, reveals a stark contrast in Europe's startup ecosystem: while post-2020 unicorns ('rocketships') raise record funding, the early-stage pipeline is collapsing. Key findings include a drop in Series A conversion rates (from 23.3% pre-2020 to 9.3% in 2023), significant declines in pre-seed, seed, and Series A deals since 2021, and a 42-45% reduction in active early-stage investors. The report identifies two types of rocketship unicorns—'Jets' (capital-efficient, e.g., Lovable, Legora) and 'Juggernauts' (capital-intensive deep tech, e.g., AMI Labs, Ineffable Intelligence, Fuse Energy)—and estimates that $2.74B could restore pre-2020 conversion rates, potentially yielding three additional unicorns annually.

• Antler's report analyzed 760 unicorn founders, 4,129 Series A founders, and 81,055 funding rounds in Europe since 2000.
• Only 33 rocketship unicorns (founded post-2020) exist in Europe; they reach unicorn status in 2 years on average vs. 7.2 years pre-2020.
• Series A conversion rate from Seed fell to 9.3% in 2023, down from 23.3% pre-2020.