Stock Market Circus: AppLovin Dumps Games While Mattel Plays Its Cards Right
Key Points
- AppLovin sold its mobile gaming division for $400 million, b...
Wall Street's finest companies are busy reshuffling their corporate decks faster than a Vegas dealer on espresso. Let's dive into today's market shenanigans where some players are hitting jackpots while others are still searching for their lucky charm.
Game Over, Level Up!
AppLovin just pulled the ultimate power move by selling its mobile gaming division to Tripledot Studios for a cool $400 million. Talk about rage-quitting with style! The company's shares jumped 13% after hours, despite being down 6% this year. With Q1 revenue growth of 40% year-over-year, AppLovin is clearly playing che...
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