Big news about AppLovin, a company that helps other apps advertise! Its stock price, which shows how much the company is worth, went way down in one day. This happened because some people who bet against the company (called short sellers) said AppLovin wasn't being completely honest about how well its advertising works.
- AppLovin's stock dropped a lot – as much as 23%!
- Short sellers said AppLovin's advertising tricks aren't as good as it claims.
- AppLovin's CEO says the short sellers are wrong.
- Some analysts still think AppLovin is a good investment.
| Fact | Number |
|---|---|
| Stock price drop | 12% |
| Market value lost | ~$17 billion |
| Stock price increase last year | 8 times |
