Mobile gaming company AppLovin raises $2 billion in IPO
CNN
Mobile apps and games platform AppLovin raised $2 billion in an initial public offering Thursday that valued the company at $28.6 billion.
The Palo Alto, California-based firm makes software to help developers market and monetize their apps, and it also has its own portfolio of more than 200 mobile games. AppLovin's developer software has more than 410 million daily active users, according to its regulatory filing. But investors weren't immediately enthused about AppLovin, which is trading under the ticker symbol "APP." After listing at $80 per share, the midpoint of its estimated range, the stock closed down 18% at about $65, putting its market capitalization around $23 billion.
In her first podcast episode after what she described as a 4.5-hour conversation with Erika Kirk, conservative podcaster Candace Owens said Tuesday that she still does not believe that the person charged with murder for Charlie Kirk’s death is solely responsible.
GOP Rep. Marjorie Taylor Greene on Tuesday slammed President Donald Trump for his comments on the murders of Rob and Michele Reiner, as she predicted more Republicans will follow her lead in breaking with Trump.
Trump orders ‘total and complete blockade’ of sanctioned oil tankers coming to and leaving Venezuela
President Donald Trump said Tuesday he was ordering a “total and complete blockade” of sanctioned oil tankers coming to and leaving from Venezuela, ratcheting up pressure against leader Nicolás Maduro’s regime and suggesting an economic motive to the US’ military campaign in the region.
President Donald Trump is expected to sign an executive order Thursday that would reschedule marijuana to a lower drug classification — a move that would ease federal restrictions, though it would not mean full legalization, according to a source familiar with the planning and a senior White House official.
The Trump administration today expanded its list of countries with full or partial travel restrictions to 39, increasing from the previous list of 19 countries, according to a new White House proclamation.
Radio transmissions reviewed by CNN detail that the pilots of a private jet narrowly avoided a collision with a United States Air Force refueling tanker near Venezuela on Saturday, one day after a similar incident nearby.
The South African government briefly held two US government employees who were in South Africa as part of the Trump administration’s bid to admit Afrikaners to the US.
A federal judge indicated Tuesday that he won’t order President Donald Trump to immediately stop work on the massive new White House ballroom.
The Pentagon has launched a new “official Command” phase of its investigation into whether Sen. Mark Kelly will be punished for his involvement in a video that reminded members of the military they have a duty to refuse illegal orders, with a decision likely to be made in about 30 days.
Vice President JD Vance on Tuesday sought to rally gloomy Pennsylvania voters behind the Trump administration’s economic agenda, alleviate their cost-of living concerns — and accomplish it all more efficiently than President Donald Trump had done a week before.
When the history of the Donald Trump presidencies is written, White House chief of staff Susie Wiles’ remarkable interviews with Vanity Fair are likely to figure substantially.
The House Judiciary Committee is demanding interviews with four current and former Department of Justice officials who were involved in subpoenaing phone records for several members of Congress around the January 6, 2021, Capitol attack, the day before Republicans interview former special counsel Jack Smith.
Police are pursuing a new lead based on photos and videos of an individual taken around hours before the deadly mass shooting at Brown University, authorities said today. Follow for live updates