Applovin Plunges 6.77% Amid Lawsuit, TikTok Bid
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 3, 2025 4:20 am ET1min read
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On April 3, 2025, Applovin's stock price dropped 6.77% in pre-market trading, reflecting a significant decline in shareholder returns.
Over the past quarter, ApplovinAPP-- has experienced a 13% decline in its stock price, which has had a notable impact on shareholder returns. This price movement has been attributed to a class action lawsuit filed against the company, which has added to the volatility in the stock market.
Additionally, Applovin is reportedly bidding for TikTok, competing with major tech giants like AmazonAMZN-- for the social media platform. This strategic move could potentially influence the company's future performance and investor sentiment.
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