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Why AppLovin Stock Dove Today

·2 min read
Why AppLovin Stock Dove Today

AppLovin (NASDAQ: APP) shareholders lost ground to the market on Thursday as the stock plunged by as much as 15% before settling down 7% by noon ET. The mobile platform developer reported fiscal fourth-quarter results that received a mixed reception from investors. The company said late on Wednesday that sales jumped 56% overall and grew 25% on an organic basis in the period that ended in late December.