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David Senra: Adam Foroughi, AppLovin

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Chapters (00:00:00) The $6B Buyback That Made $60B (00:02:15) Borrowing Money To Buy Back Stock At A Discount (00:05:02) Why VCs Passed On AppLovin In 2012 (00:09:00) From App Discovery To Ad Platform (00:14:45) Beating Google's AdMob With Performance Marketing (00:19:30) No Board For Six Years (00:30:12) The China Deal That Almost Blew Up (00:37:45) The Convertible Note Pivot And KKR (00:46:30) Buying Gaming Studios To Get Data (00:51:45) Losing Trust With Game Developers (00:58:20) The 2022 Crash And How He Kept His Team (01:02:00) Building An Hyper Competent & Efficient Company (01:07:25) Why Every New Hire Needs His Approval (01:19:06) The Axon 2 Inflection Point (01:21:15) One Great Engineer Now Beats A Hundred Learn more about your ad choices. Visit megaphone.fm/adchoices

David Senra: Tell about these billions of dollars of stock buybacks you did. Adam Foroughi: So let me give you a little bit of context on when we went public and why this became a pretty big opportunity. We went public in COVID in April, 2021. Company was worth about 28 billion dollars. Went up to 40 billion the first six months. We're all excited. Stock goes down from there literally every day for all of 2022. We got to a floor of I think like 3.8 billion dollars. We went from a 115 dollars a share to nine dollars a share. So you're running a business, and the whole world is telling you…

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