SEC Probe Into AppLovin (APP) Active, Bloomberg Reports

The U.S. Securities and Exchange Commission confirmed on Feb. 20, 2026, that its investigation into AppLovin Corp. (APP) remains active and ongoing. The regulator denied a document release request from Bloomberg, citing potential risks to the enforcement process, including evidence fabrication. The inquiry stems from a whistleblower complaint and short-seller reports alleging AppLovin violated partner agreements to facilitate targeted advertising. The SEC has not formally accused the company of misconduct.