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Also, its shares soared to hit their 52-week high of $116.09 on November 11, 2021, on the back of impressive third-quarter earnings and investors’ optimism surrounding its proposed acquisition of MoPub from Twitter, Inc. (NYSE:TWTR).
However, the Schall Law Firm had announced in April 2021 that it is investigating APP on potential securities laws violations. Furthermore, the company faces intense competition from other players, such as Unity Software Inc. (U) and Playtika Holding Corp. (PLTK). So, the stock’s near-term prospects look uncertain.
