AppLovin has rocketed to a $100 billion valuation. Some industry insiders are skeptical its run can last.
AppLovin, led by CEO Adam Foroughi, has rocketed to an over-$100-billion valuation, fueled by a recent push into e-commerce ads.
Adam Foroughi/Applovin, Tyler Le/BI
- Wall Street has fallen in love with the mobile adtech and gaming company AppLovin.
- AppLovin's recent push into e-commerce sent its market valuation over the $100 billion milestone.
- Some ad industry insiders question the sustainability of its run, however.
Shares in the mobile ads and gaming company AppLovin have been running wild ...
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