Aug. 22 at 1:21 AM
$APP Business is fundamentally solid. Price is held down for no reason. Here's my positive bull-case thesis
1. As a gamer, in-game ads have an insane recall. I'm seeing more and more of non-gaming ads.
2. SEC case is closed.
3. Institutions have accumulated 2M+ shares since ER
4. Ecom ads is a flywheel which is slow to start for both businesses and Applovin. With more data and ad exposure, it only gets better. Keep an eye out for pixel tracker installation for the next two weeks which gives an idea on adoption.
Minor miss in ER deserves a hit but not drop it to 52 week low.