CapitalWatch Admits Errors; AppLovin (APP-US) Soars 13% on Retraction

Following CapitalWatch's retraction and public apology for inaccurate allegations against AppLovin's major shareholder Hao Tang, the company's stock surged. On February 9, 2026, AppLovin (APP-US) closed up 13.19% to $460.38 and gained nearly 4% in after-hours trading to $477.75. The firm apologized for fabricating a direct connection between Tang and several entities, citing factual errors and legal considerations, and removed content while retaining the original report online. AppLovin had issued a cease-and-desist letter following the allegations, which initially prompted CapitalWatch to defend its June 2025 report based on months of investigation. The latest apology acknowledged an incorrect association with a French Bordeaux court ruling. AppLovin's CEO, Adam Foroughi, has previously denied such claims, stating they spread false and misleading information. AppLovin's share price has risen over 713% since its $65 per share offering in April 2021, reflecting strong market confidence in its advertising technology and growth prospects.