AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 35.01% shares climbed as much as 46% to an … Read more

AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear

AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear

AppLovin Inc. shares rallied in the extended session Wednesday after the app-monetization company executives said they expect about $ 2 billion from their software business alone in 2023 and could sell their apps business. AppLovin APP, -5.90% shares, which were halted for trading soon after the market closed, rallied as much as 50% at one … Read more