AppLovin
AppLovin
One-line summary: Mobile-advertising / ML platform (NASDAQ: APP). Mapped from CEO adam-foroughi on All-In AIS26 — surviving a 2022 92% drawdown, ads as "ML 1.0," ~$50B mobile-game ad TAM, 84% EBITDA-margin claim. Not a buy thesis. Do not draft a chain off a CEO pitch of a priced name.
What they're known for
Ad-tech / performance advertising for mobile gaming and commerce. Foroughi: COVID IPO April 2021 at ~$28B on $600M EBITDA; trough ~$3.8B; later $9 → $750/share over ~2.5 years (founder-stated). Engineering in Palo Alto, Beijing, Singapore.
Why they appear here
Speaker-map from 2026-09-20-podcast-all-in-podcast-adam-foroughi-applovin-ceo-surviving-a-92. Consumer / ad-tech is a thin vertical, but a founder restating a completed 92% round-trip is not a forcing function. No mechanism. No hypothesis page.