Dec. 30 at 12:50 PM
$APP I don’t fully agree with that take. It assumes growth is automatically going to slow and that AppLovin has already “earned” its valuation, which feels premature. AXON still looks early in its rollout, and as performance improves, advertisers tend to spend more and expand into new use cases and regions. That can keep growth stronger for longer instead of fading right away. Plus, with the kind of margins and cash flow AppLovin is generating, the business isn’t as fragile as the statement suggests — it has room to navigate normal bumps without the whole thesis breaking.
