AppLovin Soars, Coinbase Shares Higher, Carvana Jumps
On this episode of Stock Movers:- AppLovin (APP) shares are up after the AI-powered advertisement platform reported first-quarter results that beat expectations. It gave an outlook for 2Q, and projected ad revenue beating forecasts too. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business. - Coinbase (COIN) shares are higher. The company agreed to acquire Deribit, the world’s largest exchange for Bitcoin and Ether options, for $2.9 billion as the biggest US crypto exchange makes a push into the derivatives…
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