Tag: $AppLovin

AppLovin (APP) stock jumped more than 6% ahead of the open Friday as investors got excited about the company’s plans to launch a social networking platform.

AppLovin, Robinhood Markets, and Emcor Group will join the S&P 500 index later in September in conjunction with the index’s quarterly rebalancing, according to S&P Dow Jones Indices, which oversees the benchmark index.

Shares in AppLovin, one of Wall Street’s best-performing tech stocks, plunged as much as 23 per cent after a pair of short sellers accused the Silicon Valley ad company of exaggerating its artificial intelligence capability.