$APP (+2,22 %)

$APP (+2,22 %)

Source: Investing.com -- Shares of Robinhood (NASDAQ:HOOD) and AppLovin (NASDAQ:APP) were down about 5% in premarket trading on Monday.

The decline followed the S&P Dow Jones Indices' decision to leave the composition of the S&P 500 unchanged in its latest quarterly rebalancing, which was conducted on Friday.

Wall Street analysts often forecast which companies will be added to the index before the announcement. Wendy Soong of Bloomberg Intelligence had listed AppLovin, Robinhood, Cheniere, Veeva Systems and Vertiv as potential additions to the S&P 500.

Inclusion in the benchmark index is becoming increasingly important for companies in an environment heavily influenced by passive investment funds. In contrast, removal from the benchmark index can have a negative impact on share prices.

This is because passive investors are forced to sell their shares and adjust their portfolios to bring them in line with the new composition of the S&P 500.

Shares of mobile game advertising platform $APP (+2,22 %) fall 7.9% to $266.11 after a report from Edgewater Research indicates a slowdown in mobile gaming ** Video game software maker Unity Software falls 6% to $20.99 ** thefly.com reports that Edgewater lowered estimates for both companies ** Edgewater said the macro environment for mobile gaming "appears to be slowing" and pointed to growing competition from Meta and Alphabet, the report said ** Including the session's NEW BUYERS, APP down 17.5% YTD and U down 5.3% YTD

Source: reuters.com

$APP (+2,22 %)

Morgan Stanley has raised its rating for the shares of AppLovin $APP (+2,22 %) shares, but at the same time lowered the price target. The analysts justify the change with positive operational developments, but see short-term risks for the valuation. Despite the price target correction, the outlook remains optimistic in the long term, particularly with regard to the advertising technology business.

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$APP (+2,22 %)

The AppLovin offer for TikTok is provisional

White House heavily involved in TikTok deal talks

Amazon and OnlyFans founders also join the bidding race for TikTok

April 3 (Reuters) - Marketing platform AppLovin (APP.O), opens new tabgave notice on Thursday that it has made a bid for TikTok assets outside China, ahead of an April 5 deadline set by U.S. President Donald Trump to find a non-Chinese buyer for the short-video app used by 170 million Americans.

AppLovin said in a regulatory filing that its proposal for TikTok was preliminary and there was no guarantee that a transaction would materialize.

Bidders for the short-form video social media company are piling up as the deadline for TikTok to find a buyer approaches over the weekend. TikTok did not immediately respond to a Reuters request for comment.

"The addition of TikTok could accelerate AppLovin's transition to a global advertising powerhouse, but regulatory and geopolitical complexities remain a critical variable for investors," said Michael Ashley Schulman, chief investment officer at Running Point Capital.

Amazon (AMZN.O), opens new taband also a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hat in the ring for TikTok.

US authorities raised security concerns about the app's links to China, which TikTok and its owner ByteDance denied.

Trump said last month that his administration was in contact with four different groups about the sale of the platform, without naming them.

The White House has been involved to an unprecedented degree in the closely watched negotiations over the deal, effectively playing the role of an investment bank.

Trump also said he would consider a deal for TikTok in which China agrees to sell ByteDance's short video app in exchange for an exemption from US tariffs on Chinese imports.

Private equity firm Blackstone (BX.N), opens new tabReuters reported that the firm is currently discussing joining ByteDance's non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital to a bid for TikTok's US business.

https://www.reuters.com/technology/applovin-bids-tiktok-all-markets-outside-china-2025-04-03/

if it falls, we will buy more. ✌️