Background: AppLovin has fallen about 11% ($310 vs. $346.80) since my Q2 update on August 10th, AppLovin Q2-26: I Got This One Wrong. It was one of my most read articles ever, and I explained why the bull run had ended.
Current Situation: As of midday Thursday, Aug. 20 it trades at about $310 a share close to its 52 week low of $303.17 per share. In between quarters, I am going to do a lot more tactical valuation updates for paid subscribers.
If you own AppLovin shares and want to know how much further it can fall, or if you are thinking of buying for the first time - let’s talk valuation.
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