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AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. The technology helps put more targeted ads on the mobile gaming apps the company owns, and works for other studios that license the software. They said the company's "real opportunity" is to catch the influx in brand advertising towards mobile gaming from more conventional channels like social media or legacy broadcasting. Because of its position in digital advertising, AppLovin faces potential competition from some of the most well-capitalized companies on the planet. In 2022, AppLovin gave up on efforts to buy gaming software developer Unity Software for $20 billion, after Unity shareholders rejected the bid.
Persons: AppLovin, Wells Fargo, FactSet . Oppenheimer, Stifel Nicolaus, Jefferies, Adam Foroughi, could've, Foroughi, mightily, Unity, LightShed's Brandon Ross Organizations: Nvidia, Revenue, FactSet, Wedbush, Google, Facebook, Apple, Orient, Unity Software, Unity Locations: BTIG, AppLovin, U.S
On Saturday, 32 national soccer teams are gathering in Qatar for the start of the FIFA World Cup. That same year, Mahshid Razaghi, who played for the Olympic soccer team, was executed for selling anti-government newspapers. In 1984, Habib Khabiri, a member of the men’s national soccer team, was executed by firing squad for membership in an anti-regime organization. Preventing Iran from participating in the World Cup would send a concrete message that regimes that persecute their own athletes have no place in world sporting organizations. While such a ban would mean Iranian athletes can’t participate in this World Cup, many in Iran believe the team isn’t representative of the people of Iran in the first place but only represents the Islamic regime.
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