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Why AppLovin Stock Was Plummeting This Week

Why AppLovin Stock Was Plummeting This Week

According to data compiled by S&P Global Market Intelligence, the company's share price was down a queasy 27% week to date as of early Friday morning. The market is hardly eager to snap up tech stocks like AppLovin, and this sentiment was exacerbated by an analyst's downgrade. One theme of this year that seems to be rearing its head as the new year approaches is the shunning of more speculative tech stocks.