Key Points AppLovin stock had three straight years of triple-digit returns. This year, the stock has lost half of its value. Caution is encouraged before considering the stock a buy amid the downturn. 10 stocks we like better than AppLovin › AppLovin (NASDAQ: APP) made some opportunistic investors a lot of money over the past few years. The tech company makes software that it sells to companies that produce apps. The software allows the developers to search for advertisers for their apps, serving as a digital auction house. AppLovin gets a fee on every ad sold. Its AI-enabled platform sets it apart from others in the space for its ability to use its algorithms to connect developers to the right ad buyers. Missed AI’s "Act 1"?
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