Why AppLovin Stock Sank 16% This Week
Shares of AppLovin (NASDAQ: APP) sank over 16% this week, according to data from S&P Global Market Intelligence. The fast-growing digital advertising company saw selling pressure due to a report from Bloomberg about an investigation into its data collection practices from the Securities and Exchange Commission (SEC).
As of this writing at 2:08 p.m. ET on Friday, Oct. 10, AppLovin stock is down 16% this week. Here's the skinny on why the stock is falling, and whether it is a buy for your portfolio today.
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Source Fool.com
