PALO ALTO, Calif., May 13, 2022--AppLovin Corporation (NASDAQ: APP), a leading marketing platform, today announced that CEO Adam Foroughi will participate in a fireside chat at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on Tuesday, May 24, 2022 at 4:10 p.m. Eastern Time.
AppLovin Inc. shares soared Thursday for their best one-day gain after Wall Street supported the app-monetization company's 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.
Shares of AppLovin Corporation (NASDAQ: APP), a marketing platform, skyrocketed today after the company reported its first-quarter financial results. Surprisingly, AppLovin missed Wall Street's consensus estimate for both its top and bottom lines and cut its revenue guidance for the full year. Investors were instead focused on the fact that AppLovin's management said that it's open to selling the company's Apps business.