|Bid||21.20 x 2900|
|Ask||21.50 x 2200|
|Day's Range||20.62 - 21.78|
|52 Week Range||19.11 - 116.09|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 08, 2022 - Nov 14, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.93|
PALO ALTO, Calif., October 04, 2022--AppLovin (NASDAQ: APP), the leading growth platform for developers, today announced its first NFT marketplace to launch in app stores through its subsidiary, OpenVessel Technologies, LLC. Vessel, which is currently live in Apple and Google Play app stores, enables mobile game developers to easily integrate non-fungible tokens (NFTs) into games to drive engagement and revenue.
Unity Software (NYSE: U) has been an absolute mess. There's of course the bear market that has sunk Unity's stock over 80% from all-time highs, but that's just the beginning. Earlier this year, the 3D content creation platform was reporting issues with its Unity Monetization segment, the tool video game developers use to earn revenue from their creations.
Year to date, Unity is down 74%. This raises the likelihood of further interest-rate hikes by the Federal Reserve in the near term. Higher interest rates are bad for stocks that trade at high valuations since it means a lower present value for future profits when estimating the long-term value of a business.