Market Chatter: AppLovin to Build Social Platform After Failed TikTok Bid

MT Newswires Live

02/20

AppLovin (APP) is planning to build its own social networking platform after the company's failed bid last year to buy TikTok's assets outside China, Bloomberg reported Thursday.

The company's plans were disclosed by Chief Product and Engineering Officer Giovanni Ge in a recent Chinese podcast, the report said.

AppLovin also has a job posting seeking a Singapore-based software engineer to "architect the digital backbone of our next-generation social platform."

AppLovin didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 408.32, Change: +3.93, Percent Change: +0.97

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