AppLovin's share price has skyrocketed, celebrating its Nasdaq 100 entry, achieving a valuation exceeding $100 billion, and sees its stock climbing over 780% this year.
Analysts note that AppLovin has captured a 42% share of the mobile gaming market, showcasing its strong position, but there's skepticism about the sustainability of its rapid growth.
CEO Adam Foroughi highlighted the e-commerce aspect, particularly stating, 'In all my years, it's the best product I've ever seen released by us, fastest growing, but it's still in pilot.'
Skepticism remains around AppLovin’s business model, with John Roque identifying it as the most overbought stock in the Russell 3000, raising questions about its valuation.
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