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Investor's Business Daily

Investor's Business Daily

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Business & Economics

AppLovin Stock Drops As Bulls, Bears Debate Its Valuation

Investor's Business Daily
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84% Informative

AppLovin stock rocketed to a record high of 525.15 on Feb. 13 after the app marketing platform delivered a big beat-and-raise report for the fourth quarter .

But on Thursday , the company plunged 8.9% to close at 450.01 after The Bear Cave newsletter exposed potential problems with the company.

Rival Unity Software (U) posted a positive report of fourth-quarter results early Thursday .