Applovin is trading at $309.06, down 5.98%, after Edgewater Research warned market-share expansion may have plateaued and projected 8%–9% fourth-quarter sequential revenue growth. - Selling pressure intensified after a securities-fraud class-action lawsuit alleged misleading statements about AI-model progress and generative-AI video delays. - The broader market is only modestly lower, making company-specific concerns the primary catalyst.