The Ledger
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why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Foroughi: AppLovin's $6B buyback generated $50B to $60B in value
“And so for the following 18 months, we ended up deploying somewhere around six billion dollars of buybacks of our own capital, and we leveraged some to buy back shares in the company. And over time, that ended up creating somewhere in the neighborhood of 50, s…”
Foroughi: AppLovin operates with no CRO or COO in its C-suite
“To this day, we don't have a CRO. We're an ads business. I mean, anywhere you look, advertising business, who doesn't have a CRO? We don't have a CRO. We don't have a COO. We have today this, the C-suite is myself, the CFO, the CTO, and we have a general couns…”
Foroughi: AppLovin reaches over 1B daily gamers globally and 150M US adults
“In our business on the, on one hand, we have billion users who are playing games, billion plus users who are playing games every single day around the world in the U S over a hundred and fifty million only adults.”
Foroughi: AppLovin grew EBITDA from $700M in 2021 to over $1B in 2022
“At the same time, interestingly, we went out with seven hundred million dollars of EBITDA in 21. We did a billion dollars plus of EBITDA in 22, so like fast growth, executing on the business, yet public market investors were telling us business is terrible”
AppLovin brought in KKR and formed its first board in 2018
“Bring in traditional US capital, get some debt. Clear out the Chinese convertible debt. Give them their ownership. Off we go. Clean cap table. And so, we did that, I believe it was in the summer of 2018, and we had to build the first board that I'd ever been p…”