• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

AppLovin CEO explains why his proposal for TikTok is better than rival bids

by April 7, 2025
by April 7, 2025

AppLovin Corp (NASDAQ: APP) chief executive Adam Foroughi says the ad-tech company’s proposal to acquire TikTok is significantly stronger than the competing bids.

While others are primarily interested in TikTok US only, AppLovin is eyeing a merger with global operations of the social platform, which effectively makes it a “partnership” that stands to benefit Chinese as well.

Foroughi’s remarks arrive shortly after President Trump offered another 75 days to ByteDance to unload its US operations.

TikTok will remain operational in the United States through the extended deadline.

Amidst tariffs driven sell-off and short-seller allegations, AppLovin stock has lost more than 50% since mid-February. 

AppLovin deal could boost ad dollars spent on TikTok

CEO Adam Foroughi also touted President Trump as a “great dealmaker” in an interview with CNBC, adding what AppLovin is proposing is essentially a “bigger version of all the deals contemplated.”

The Nasdaq-listed firm has an algorithm that, if combined with TikTok’s audience, could trigger an exceptional increase in the ad dollars spent on the social platform.

Other US entities interested in buying TikTok US include cloud giant Oracle, retail behemoth Amazon, billionaire Frank McCourt, and a bunch of private equity companies.

Note that APP is pushing to takeover TikTok at a time when it’s already wrestling with allegations of dubious practices from Muddy Waters and claims of ad fraud from Fuzzy Panda Research.

AppLovin’s financials remain strong

AppLovin stock has crashed in recent months even though the ad-tech company reported earnings for its fourth financial quarter that handily topped Street estimates in February.

APP earned $1.73 a share in its latest reported quarter on $1.37 billion in revenue – well ahead of $1.24 a share and $1.26 billion that experts had forecast.

More importantly, the Nasdaq listed firm guided for $1.36 billion to $1.39 billion in revenue for Q1 at the time, also ahead of analysts’ expectations of $1.32 billion.

AppLovin stock does not, however, pay a dividend at the time of writing.

Should you invest in AppLovin stock in April?

While AppLovin shares have tanked significantly amidst myriad of headwinds in recent months, Wall Street remains bullish at large on APP.

Earlier this week, Citi reiterated its “buy” rating on the mobile technology firm.

The firm currently has a $600 price target on AppLovin stock that indicates potential for a more than 170% upside from current levels.

In it research note, the investment firm agreed that buying TikTok, even just the social platform’s US assets, could prove significantly beneficial for the Nasdaq listed firm in the long run.

However, Citi also warned that the possibility of an AppLovin-TikTok deal was “far below 1%”.

Note that the ongoing sell-off has made AppLovin stock give back all of its post US elections 2024 gains. 

The post AppLovin CEO explains why his proposal for TikTok is better than rival bids appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Which US sectors are most at risk from China’s new tariffs?
next post
Sensex and Nifty 50 crash 5% as China’s 34% tariff retaliation shakes Asian markets

Related Posts

Oracle’s surge highlights OpenAI’s expanding market influence

September 14, 2025

Tesla shareholder pushes board to invest in Elon...

September 14, 2025

UniCredit CEO to sell Commerzbank stake outside EU...

September 14, 2025

Sainsbury’s in talks to sell Argos to China’s...

September 14, 2025

These 3 undervalued stocks are poised for a...

September 14, 2025

Weekly wrap: markets rally, Charlie Kirk murder, iPhone...

September 14, 2025

Top catalysts for Canada’s TSX Composite Index

September 14, 2025

AstraZeneca pauses £200mn Cambridge investment amid UK pharma...

September 13, 2025

Top three ‘cash rich’ stocks that can weather...

September 13, 2025

US digest: Tesla surge, consumer sentiment dips, Gemini...

September 13, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Oracle’s surge highlights OpenAI’s expanding market influence

    September 14, 2025
  • Tesla shareholder pushes board to invest in Elon Musk’s xAI

    September 14, 2025
  • UniCredit CEO to sell Commerzbank stake outside EU if shareholders demand

    September 14, 2025
  • Sainsbury’s in talks to sell Argos to China’s JD.com as firm tries to enter UK market

    September 14, 2025
  • These 3 undervalued stocks are poised for a rally in the final quarter of 2025

    September 14, 2025
  • Weekly wrap: markets rally, Charlie Kirk murder, iPhone 17 launch and PMs resign

    September 14, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,544)
  • Editor's Pick (248)
  • Investing (185)
  • Stock (1,742)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

These two quality stocks are trading well...

March 23, 2025

3 reasons the Rolls-Royce share price may...

February 25, 2025

6 million Qantas customers hit in one...

July 2, 2025