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Why Shares of AppLovin Were Soaring Today
Key takeaways
- IDFA is the tool that allows Apple s i OS to track users, so advertisers can use their data.
- That should open up more of the market for App Lovin, and it drove shares of the stock up 10.6% as of 10:57 a.m.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
APP AAPL NVDA META AXON Shares of App Lovin (NASDAQ: APP) were moving higher today on a report from Edgewater that Meta Platforms, one of its biggest competitors, is unlikely to bid on non-IDFA (identifier for advertisers) i OS traffic in the near-term. IDFA is the tool that allows Apple s i OS to track users, so advertisers can use their data.
That should open up more of the market for App Lovin, and it drove shares of the stock up 10.6% as of 10:57 a.m. ET today.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
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