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AppLovin short-seller urges exclusion of the stock from S&P 500 index

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Short-seller Fuzzy Panda Research sent a letter to the S&P 500 Index Committee this week .

AppLovin 's share price soared more than 700% in 2024 , lifting its market cap past $110 billion .

The company was left out of the benchmark index in December , but the stock plunged 15% .

Fuzzy Panda says AppLovin 's revenue growth has been based in data theft, revenue fraud.

The firm has taken on about 20 companies, including electric car makers Fisker and Lucid .

Globe Life shares plummeted more than 50% in April after revealing its short position.

Globe life calls the report "wildly misleading".