AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 34.57% shares climbed as much as 46% to an … Read more

Iluka Separates Sierra Rutile Business – Update

Author: Rhiannon Hoyle Iluka Resources Ltd. she said on Wednesday she intended to unbundle the mineral sand business in Sierra Leone, which she had bought five years ago, to focus on her Australian operations, including the rare earths raid. Iluka acquired its business in Sierra Rutile in December 2016 in an effort to expand its … Read more

5 things to consider before investing in a friend’s business

Ben & Jerry’s was founded by best friends from childhood. Four high school friends founded Warby Parker. The long friendship, which turned into a partnership, brought Clear to TSA security lines across the United States. A shopping trip between two friends launched the Universal Standard clothing brand, which includes size. Yes, there are stories of … Read more