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AppLovin Stock Plummets to Lowest Level in Over a Year on Weaker-Than-Expected Revenue, Outlook
AppLovin shares have lost half their value since the start of the year.Credit: Jakub Porzycki / NurPhoto via Getty ImagesKey TakeawaysAppLovin shares plunged Thursday after quarterly sales and an outlook that disappointed.The stock has lost roughly half its value since the start of the year.AppLovin stock is tumbling after the ad technology firm’s sales and outlook disappointed.AppLovin (APP) shares were down nearly 20% in recent trading to their lowest point in over a year. The company said yesterday that it earned $3.76 per share on $1.92 billion in revenue in the second quarter, slightly…
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