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  "documentTitle": "AppLovin (APP)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Research",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-03-27 00:00:00",
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  "notes": "The slide uses screenshots of technical logs to prove data tracking behavior.",
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      "text": "APP's name changing process appears intended to obfuscate its collection and transmission of 3P user data.",
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      "text": "Network request log showing alart=6d5",
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      "text": "Below: In a new environment, the Happy Mammoth ad page, the value \"6d5...\" appears persistently maintained but given the new prefix \"alart.\"",
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      "text": "Below: The \"compass_random_token\" is created with a value of \"6d5...\" is stored locally on the device",
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      "kind": "paragraph",
      "text": "The User opted out of iOS tracking. This token is considered a unique and persistent identifier, so all but the first three characters \"6d5\" have been redacted.",
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      "kind": "title",
      "text": "Example: The Compass Token Value Moves Across Environments Under Changing Names",
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