Reported about 17 hours ago
The S&P 500 Index has added AppLovin Corp., a mobile advertising company whose stock has surged over 5,500% since 2022, despite facing scrutiny over allegations of fraud and regulatory investigations. The index is designed to reflect the current market landscape rather than endorse company practices, and while inclusion can boost stock prices temporarily, it does not guarantee long-term success. Market analysts highlight that such additions may mirror broader trends of exuberance in the tech sector.
Source: YAHOO