Why AppLovin Stock Tumbled Today
AppLovin got punished after whiffing in its earnings report.
Overview
Shares of AppLovin (NASDAQ: APP) were heading lower today, as the adtech company came up short in its second-quarter earnings report.
Given that the high-growth company is trading at a lofty valuation, the sell-off on the news wasn't surprising. As of 10:49 a.m. ET, the stock was down 19.6%.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.