Latest news with #Foroughi
Business Insider
2 days ago
- Business
- Business Insider
Meet the 'reclusive' tech billionaire making an audacious bid to buy TikTok
AppLovin is in the mix to buy TikTok and save the vertical video app from a US ban. Adam Foroughi, AppLovin's founder, is an uncharacteristically low-key tech billionaire. Foroughi's getting used to the spotlight as the $100 billion-plus company makes its biggest bet yet. Adam Foroughi tends to eschew the typical trappings of a billionaire. He has one car, and would rather it were self-driving. He rarely appears on TV or conference stages. In his downtime, you're more likely to find him at home with his five children than schmoozing on the slopes of Davos. People who know him point to his mild manner and lack of ego. His advertising technology company, AppLovin, is similarly unflashy. With an ad network that reaches around a billion daily users and a market cap more than twice that of Snap, Pinterest, and Reddit combined, it was the technology behemoth you'd never heard of. "We're a $100 billion-plus company, not many people know of us, so that's probably a flaw on me," Foroughi told Business Insider in an interview. Then came April. Ahead of a June 19 deadline, AppLovin and Foroughi, 45, made a last-minute bid to acquire the international assets of TikTok as the Chinese-owned company faces a potential ban in the US. It's an audacious move for any company, let alone one with a founder who usually goes out of his way to avoid the spotlight. It faces an uphill battle. Competition is fierce. President Donald Trump has said he's been negotiating with multiple potential buyers. Investors like Kevin O'Leary of "Shark Tank" fame and former Dodgers owner Frank McCourt have signaled interest, and other tech companies are in the mix. At AppLovin, Foroughi is known for running a ruthlessly efficient ship that drives hard for profit. It's not unusual for the company to reduce head count even when it's doing well. Foroughi executes with a hands-on management style that has, at times, seen him struggle to delegate to execs who don't fit the mold. And the company's recent financial success has also caught the attention of short sellers who have raised questions about its data practices. With TikTok, Foroughi would be taking on an organization with a much bigger spotlight — and the heat that comes from running a user-generated content business popular among teens and often lambasted by parents. Most of the former AppLovin employees, competitors, and business associates who spoke with BI believe he's up to the task. They say Foroughi's smarts, as well as his tendency to forgo the marketing jazz hands and let the product do the talking, position him well to crank up the dial for TikTok's ad business. "We've been competing for over a decade, and I've never seen anyone like him — he's all around amazing, it hurts me to say it," said an executive at one of AppLovin's competitors. "He's the most talented CEO I have ever seen." Foroughi acknowledged that the TikTok bid is uncharted territory for him, but "I don't really care about 'uncomfortable,'" he said. "I do what I think is right for my business." An Iranian export Foroughi and his family fled Iran when he was four years old, in the fallout of the Iranian Revolution. They settled in Laguna Beach, California. His father, once one of Iran's leading real estate developers, left nearly all his wealth behind, and the family had to adjust to a more frugal lifestyle, a new culture, and a different language. "My parents had to give up a lot to get us over here," Foroughi said. "Knowing that, you always have this motivation inside you to perform." After graduating with a degree in finance from the University of California, Berkeley, Foroughi took a job as a derivatives trader. He found it a lonely existence. He wanted to build something of his own, and he wanted to work with people. He worked at a marketing agency for small businesses, which later morphed into a social media marketing company. Eventually, as the app stores of Apple and Google became dominant, he looked to apps. With a small team of engineers in Palo Alto, Foroughi created a fashion app, then a dating app. "They stunk," Foroughi said. "We got rid of them." In 2012, they launched their third attempt — an app that allowed friends to connect and send recommendations for other apps to download. This one stuck. If you were playing "Words with Friends," the app could send a push notification to your contacts, asking them to join. AppLovin was born. Like many tech companies, AppLovin — which Foroughi insists wasn't inspired by McLovin, the nerdy character in the stoner film "Superbad" — decided to pivot to advertising. It expanded from a ground-floor garage to offices on three continents, and more than 1,500 employees as of December 2024, and a market capitalization of $140 billion at the time of publication. The business model is fairly simple: It helps app developers make money and find users using in-app ads. But under the surface is a highly optimized AI-powered algorithm designed to entice businesses with the promise that chucking $1 into the machine will net $2, $5, or $10 in profit. It's a snug fit for TikTok, where ads for figure-hugging jeans, grip socks for soccer, and campaigns for major brands like Coca-Cola and Apple are slotted between consumable vertical videos. While TikTok has soared in popularity, particularly among Gen Z, its ad revenue lags behind Google, Meta, and Amazon. AppLovin thinks its adtech can help close the gap. AppLovin has also widened its aperture beyond its core gaming roots in recent months. After it opened up its ad platform to e-commerce advertisers, some said that they were excited for an alternative to Meta, which had become increasingly expensive in their hunt for new customers. Mike True, CEO of the e-commerce marketing platform Prescient AI, said AppLovin is the fourth most invested-in channel among its advertiser clients, behind Meta, Google, and Amazon Ads. "The fact that advertisers continue to invest in AppLovin, even amid a cautious market, suggests growing confidence in its long-term role within the performance stack," True said. Last year, the company posted net income of $1.58 billion at 34% margins — a margin profile almost on a par with Meta, and ahead of its closest adtech rival, The Trade Desk, which had a profit margin of 16% in 2024. AppLovin's annual revenue rose 43% to $4.7 billion. But some observers said that while AppLovin helped e-commerce advertisers extract more sales from current customers, it was less effective in driving sales from new ones. Jones Road Beauty was one of AppLovin's early e-commerce clients, but its CEO, Cody Plofker, told BI it's no longer using AppLovin. "We found it not to be very incremental with new customers," Plofker said. Foroughi said that the e-commerce product is still in its infancy and doesn't yet work for everyone. "But it will as we build it out," he added. AppLovin' it One Silicon Valley tech veteran who interacted with AppLovin in the early years said taking meetings with Foroughi was a "breath of fresh air." He cut to the chase, no two-martini lunches necessary. "We got on calls and he'd be very to the point, versus the mindset where relationships precede business — a very Valley kind of guy," the person said. Simon Spaull was AppLovin's first hire in Europe in 2014. He reluctantly entertained the idea at first. "No one had heard of it and it was a rubbish name," Spaull said. He was soon convinced. Spaull stayed at the company for almost seven years, as it continuously posted record annual revenue, mostly growing traction through word of mouth in the gaming community. Foroughi has remained deeply enmeshed with day-to-day operations, including customer service. Up until around a year ago, he ran product and human resources alongside his CEO role. (He said he wanted to "get more involved in making sure our culture is aligned with the principles we had when we started the business.") When he's not traveling, he sits among the engineers. "You don't know what's going on in your business if you don't work with your employees," Foroughi said. Foroughi has said some of the biggest mistakes he made as CEO involved taking outside advice, including briefly hiring a chief operating officer in 2012. "I thought, what's the point of me at this company, I'm hands-on, I'm not going to defer to this hire," Foroughi said at a recent conference held by the investment bank Jefferies. He had a similar reaction after following advice to bring on a chief revenue officer and a brand ad sales team, with staffers who were paid more than the company's best engineer, the person making the actual product. "It bugged the crap out of me," Foroughi said. He scrapped the entire team. The company's strategy has been defined in part by unrelenting efficiency. Foroughi, who said he considers Elon Musk as an inspiration, counts EBITDA — or profit — per employee as one of his most important success metrics. The company recently sold off its entire mobile gaming studio business — developers of hit games like "Mobile Strike" and "Project Makeover" — deeming it surplus after the apps had been sucked for data to use for its advertising algorithms. Foroughi also showed a cut-throat streak in 2022, when the gaming software development company Unity announced its intention to acquire AppLovin's app advertising rival, IronSource. Seeking to derail the merger, AppLovin put in an unsolicited $20 billion bid to merge with Unity, but only on the provision that Unity drop the IronSource deal. Rather than make his offer to Unity's management team and the board, Foroughi went public to appeal directly to Unity's main shareholders: the investment firms Sequoia and Silver Lake. Unity's management team wasn't happy, and they rejected the hostile takeover bid. Foroughi has no regrets. "The only way to disrupt that deal" was for AppLovin to make its takeover offer public, Foroughi said. "Yes, it was a little uncomfortable, obviously." Those within Foroughi's orbit say the billionaire has a generous side. A banker who worked on AppLovin's 2021 initial public offering recalled receiving an updated draft of the registration statement and noticing that Foroughi had recently sold off around $10 million of stock, at a low price, pre-IPO. He asked Foroughi why. "He's like, 'Uh, I'm surprised you found that. Yes, I sold some stock back to the company to distribute it to the team that was under-equitized," the person said. A busted China tie-up and the attack of the short sellers The TikTok suitor is no stranger to US-China tensions. In 2016, Foroughi signed a deal with a Chinese private-equity firm that valued AppLovin at $1.4 billion, and would provide a $1 billion cash injection. The deal was blocked by the Committee on Foreign Investment in the United States on national security grounds. "CFIUS saved my ass," Foroughi said at the Jefferies Private Growth Conference earlier this year, referring to AppLovin's financial performance since. The company's methods have been called into question in recent months with four short-seller reports, published in quick succession. The most high-profile, from Carson Block's Muddy Waters Research, said AppLovin was "impermissibly extracting" data from top apps like Meta, Google, and TikTok, and targeting ads at "high value users" without their consent. The report also said AppLovin was using underhanded techniques to claim credit for sales it didn't generate. In an email to BI, Block said that Muddy Waters believed Foroughi "lied" in a March blog post, when he pushed back on the idea that the company "uses persistent user identifiers without their consent." Persistent identifiers follow users across different websites and devices, and it can be difficult for users to delete them or even know they exist. Muddy Waters said AppLovin's use of these IDs violates various platforms' terms of service and privacy laws in some jurisdictions. Block also said that Foroughi's background pre-AppLovin "supports our opinion that he should not be trusted." He was referring to Foroughi's tenure at a company called Claria, which owned a controversial eWallet software called Gator, that was said at the time to have distributed "adware" that collected users' browsing habits, and bombarded them with pop-up ads. One of Foroughi's early ad networks, SocialHour, was removed from Facebook in 2009 for violating its platform policies. Foroughi has previously said in blog posts that the short-seller reports were "littered with inaccuracies and false assertions" and were aimed at driving down AppLovin's share price for their own financial gain. He told BI that he worked at Claria for a few months as a 25-year-old. In response to questions about SocialHour, he said all companies that monetized Facebook's inventory were removed when Facebook brought monetization in-house. Some industry insiders saw the reports as confirmation of their bafflement at AppLovin's success, particularly in light of its reliance on mobile games, which are not always highly valued by big brands and agencies. In the running for TikTok AppLovin has proposed merging its company with all of TikTok's international business — not just TikTok US. Foroughi describes this as an "enhancement" to Oracle, which is TikTok's cloud provider in the US. Under AppLovin's proposal, Oracle would still provide data storage and security. Oracle didn't respond to requests for comment. AppLovin has also pitched itself as a salve for TikTok's woes. "There are really big national security and data issues, and I think we could solve them," Foroughi told BI. AppLovin says it has expertise in both handling user data and controlling complex algorithms, which it believes could help it remove biases from TikTok's content recommendation system. "I see what folks in the administration are doing now, what someone like Elon has sacrificed to give back to the country, and I think we could play a small part here," Foroughi said in an interview that took place before Musk and Trump's spectacular falling out this week. TikTok didn't respond to a request for comment. Ari Paparo, a former Googler and adtech exec who now runs the marketing media company Marketecture, said AppLovin has some big advantages in its TikTok bid: Its monster market capitalization makes the financial side feasible, it has proven monetization capabilities that could make ads on TikTok better, and it isn't "Big Tech," which has drawn antitrust scrutiny. On the other hand, he said, "The company is a bit of an unknown in DC." That may soon change. In April, Foroughi was spotted at the launch party of Donald Trump Jr.'s private members club. "I'm reclusive by design, so part of the challenge has been that I have to get out there, and get to be known, and I just wasn't before this," Foroughi said.
Yahoo
10-05-2025
- Business
- Yahoo
Why AppLovin Stock Surged Higher This Week
AppLovin's sales and earnings beat Wall Street's consensus estimates. The company is selling its gaming division for $400 million. AppLovin said it's pursuing a merger with TikTok, but admitted it's a long shot. Shares of AppLovin (NASDAQ: APP), an adtech company, spiked by 12.4% this week, according to data compiled by S&P Global Market Intelligence, after the company reported better-than-expected revenue and earnings and said it would sell its gaming division. The sale will not only generate cash for AppLovin, but allow the company to focus more on its adtech business, which is the company's fastest-growing segment. Investors may also be responding to the AppLovin CEO's blog post expressing interest in merging with TikTok Global (for assets outside of China). No official deal has been announced, and the company said the move is admittedly "a long shot." AppLovin reported earnings per share of $1.67 in the first quarter (which ended March 31), up 149% from the year-ago quarter and ahead of Wall Street's consensus estimate of $1.45. The company's revenue of $1.48 billion also outpaced analysts' average estimate of $1.38 billion and was a 40% increase from the year-ago quarter. Sales from the company's important advertising segment were also impressive, rising 71% in the quarter to $1.16 billion. The company's apps revenue declined by 14% to just $325 million. But investors weren't worried about the company's app revenue decline because AppLovin announced that it's selling its mobile gaming business to Tripledot Studios. The move will give AppLovin $400 million in cash, a nearly 20% ownership stake in Tripledot, and allow the company to leave its apps business behind and focus its attention on advertising. The deal is expected to close in the second quarter. As if it weren't a big enough quarter already for AppLovin, the company's CEO Adam Foroughi wrote in a blog post yesterday that his company is pursuing TikTok Global in an effort to merge with the company, specifically for all assets outside of China. The company said it's pursuing a merger, not a buyout, and that the combined company could boost TikTok's annual revenue from its current ad revenue of $20 billion and help it reach $80 billion annually. But investors should know that AppLovin admits the merger proposition is a long shot. Foroughi said: Let's be clear: this is a long shot. But building one of the world's best advertising AI models was also a long shot, yet we did it. We're not here for small bets. Our goal is to build a massive business that creates value for the world and our shareholders. Investors should be pleased with the company's latest results and the sale of its gaming division. The company is focused on its expanding its ad business and, without or without a TikTok deal, AppLovin appears to be on the right track. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $303,566!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,207!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $623,103!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of May 5, 2025 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AppLovin. The Motley Fool has a disclosure policy. Why AppLovin Stock Surged Higher This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-03-2025
- Business
- Yahoo
Why AppLovin Corp. (APP) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where AppLovin Corp. (NASDAQ:APP) stands against other firms that end Friday strong. Wall Street's main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally. The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent. Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs. In this article, we listed Friday's top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform. AppLovin Corp. grew its share prices by 4.08 percent on Friday to end at $272.38 each as investors reacted positively to a maintained rating and price target for the company despite being embroiled in a series of allegations. On Friday, analysts at Benchmark maintained its Buy rating on APP with a price target of $525, a 92.7-percent upside from its latest closing price. The analysts emphasized the company's transparency and potential for growth, with APP CEO Adam Foroughi's message to investors that it would address concerns raised by short sellers in the company. In his remarks, Foroughi encouraged investors to focus on the fundamentals of its business rather than the noise created by short sellers. APP said it retained Alex Spiro, partner and Co-Chair of the Investigations, Government Enforcement & White Collar Defense Practice at Quinn Emanuel Urquhart & Sullivan, to conduct an independent review and investigation into a recent short report activity targeting the company. 'We are fully committed to defending the Company, its operations, and its reputation from those seeking to manipulate the market through false narratives,' Foroughi said. 'We will take all necessary steps to ensure the facts are known and to protect our employees, stockholders, and partners.' Overall, APP ranks 5th on our list of firms that end Friday strong. While we acknowledge the potential of APP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as APP but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
Why AppLovin Corp. (APP) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where AppLovin Corp. (NASDAQ:APP) stands against other firms that end Friday strong. Wall Street's main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally. The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent. Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs. In this article, we listed Friday's top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform. AppLovin Corp. grew its share prices by 4.08 percent on Friday to end at $272.38 each as investors reacted positively to a maintained rating and price target for the company despite being embroiled in a series of allegations. On Friday, analysts at Benchmark maintained its Buy rating on APP with a price target of $525, a 92.7-percent upside from its latest closing price. The analysts emphasized the company's transparency and potential for growth, with APP CEO Adam Foroughi's message to investors that it would address concerns raised by short sellers in the company. In his remarks, Foroughi encouraged investors to focus on the fundamentals of its business rather than the noise created by short sellers. APP said it retained Alex Spiro, partner and Co-Chair of the Investigations, Government Enforcement & White Collar Defense Practice at Quinn Emanuel Urquhart & Sullivan, to conduct an independent review and investigation into a recent short report activity targeting the company. 'We are fully committed to defending the Company, its operations, and its reputation from those seeking to manipulate the market through false narratives,' Foroughi said. 'We will take all necessary steps to ensure the facts are known and to protect our employees, stockholders, and partners.' Overall, APP ranks 5th on our list of firms that end Friday strong. While we acknowledge the potential of APP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as APP but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Wall Street vs. Short-Sellers: Is AppLovin a Buy, Sell, or Hold?
Artificial intelligence-powered ad-tech company AppLovin (NASDAQ: APP) had a dream year in 2024. Its stock exploded roughly 713%, which was exceptional performance even for a stock in the popular AI trade. However, 2025 has been a different story. The stock is down about 6% year to date, and it plunged in mid-February after several short reports came out. (Keep in mind that if someone is short a stock, they make money when it falls.) These reports launched various allegations against AppLovin, from ad fraud to "notorious spyware." Management and several Wall Street analysts have rebutted the reports, setting the stage for a battle between the short-sellers and Wall Street. Is AppLovin a buy, sell, or hold after these recent events? Three different short reports emerged within a week. The first came from a popular newsletter called The Bear Cave, which publishes monthly investigations into publicly traded companies it believes are engaging in questionable practices, or into whether a stock is simply undeserving of its valuation. In its report, The Bear Cave alleged that AppLovin has "low-quality" revenue fueled by advertising that is "deceptive, predatory, and at times unreadable or unclickable." As such, it claimed that the stock did not deserve to be trading at 35 times revenue at the time of the report. Another entity that publishes under the name Fuzzy Panda Research issued a lengthy, fiery short report on Feb. 26. Also on Feb. 26, Culper Research published a 34-page report with similar allegations. "AppLovin claims AI has fueled its turnaround, but can't explain how," Culper wrote. In a blog post also published on Feb. 26, AppLovin CEO Adam Foroughi said the short reports "are littered with inaccuracies and false assertions" and also said his team has built "sophisticated AI models." While Foroughi didn't touch on every topic raised in the short reports, he did make several comments, which are summed up in the bullets below: All the company's games are apps on the App Store and therefore must comply with its policies. Revenue is not driven by clicks or impressions. The company does not track children's data. There is no basis behind claims of "financial and accounting improprieties" and revenue is not being inflated. The company is audited by a Big Four accounting firm, and AppLovin has never received a "modified opinion." Multiple Wall Street analysts also defended the company. Piper Sandler analyst James Callahan issued a research report following the short reports, reiterating his overweight rating on the stock and a $575 price target, which implied over 77% upside from Feb. 28 levels. Callahan wrote that AppLovin's "customers are the most sophisticated in digital advertising and we believe any alleged fraudulent practice would be felt immediately via their own attribution or incrementality testing." Jefferies analyst James Heaney also reiterated a buy rating on AppLovin and a $600 price target. In his report, Heaney said the short-sellers' claims were "in many cases, inaccurate," and said that allegations about illegal clicks and downloads overlook the fact that AppLovin has helped customers produce meaningful revenue. Unfortunately, this situation is going to be very difficult for retail investors to decipher. The truth likely goes beyond any numbers you'll find in any earnings report or filing with the Securities and Exchange Commission. The shorts appear to have put substantial work into their reports, which includes anonymous comments from AppLovin customers, industry experts, and even Meta executives. There are also three reports, although Culper and Fuzzy Panda may have been somewhat coordinated, given that the two acknowledge that they shared some of their work with one another. Meanwhile, you've got a CEO who defended the company on the same day that Culper and Fuzzy Panda released their reports, as well as multiple analysts from top Wall Street firms going to bat for AppLovin. Of course, analysts who have been recommending the stock for some time would likely not want to completely reverse course so soon after allegations. Ultimately, unless they have significant time to do a lot of qualitative research, retail investors are going to be operating largely in the dark. The stock could also be very volatile in the near term on any future news related to this situation. For those reasons, I recommend staying on the sidelines for now, or perhaps taking some chips off the table. The stock has been a multibagger, and the AI trade faces challenges in the near term anyway. Continue to monitor the situation for more clarity. There's no need to do anything rash here. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $300,764!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $44,730!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $524,504!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 3, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, AppLovin, Apple, Jefferies Financial Group, and Meta Platforms. The Motley Fool has a disclosure policy. Wall Street vs. Short-Sellers: Is AppLovin a Buy, Sell, or Hold? was originally published by The Motley Fool Sign in to access your portfolio
