Applovin Stock Surges 9.59% in Two Days as 18th Most Active Trader in TikTok Bid

On April 2, 2025, Applovin (APP) saw a 2.72% increase in its stock price, marking two consecutive days of gains with a total increase of 9.59% over the past two days. The company's trading volume reached 20.50 billion, ranking it 18th in the day's stock market activity.

Applovin, a mobile marketing and gaming company, has unexpectedly emerged as a bidder for TikTok. This development has garnered significant attention, as the company is one of the potential bidders attempting to acquire the popular social media platform. Sources familiar with the situation have confirmed that Applovin has made a bid for TikTok and has held talks with casino mogul Steve Wynn to back the acquisition.

This move by Applovin comes amidst talks of a potential U.S. ban on TikTok, which has added urgency to the bidding process. The White House is reportedly close to approving a deal that would allow investors to buy a stake in TikTok's U.S. business, further fueling speculation about the platform's future ownership.