Why AppLovin Stock Went Up by Almost 21% Last Month

The company appears to have launched extremely effective software that's boosting its business.Share prices of app monetization company AppLovin (APP 0.96%) jumped 20.5% in August, according to data provided by S&P Global Market Intelligence. The company reported financial results for its second quarter of 2024 on Aug. 7, showing both impressive growth and robust profit margins.AppLovin creates its own apps and also has software to help other companies monetize their apps. Regarding this software, the compa ...