AppLovin's Hot Stock Dropped 14% Monday. Here's Why.

In the span of just a few hours, AppLovin investors were both digesting an upbeat report from a Wall Street analyst and trying to unpack a double-digit swoon that followed a report indicating a government investigation into the company. Today's drop was an unexpected surprise for investors who've feasted on good news this year. An AppLovin spokesperson in a statement said that "we regularly engage with regulators and if we get inquiries we address them in the ordinary course. Material developments, if any, ...