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REDDIT

AppLovin mispriced opportunity or value trap?

I've been watching this stock since last year, waiting for the valuation to come down given it's always priced for perfection. Now though the price has dropped low enough that investors seem to view it as a falling knife.

Since the company is still growing 60% YoY, I decided to finally open a position at $303. It currently makes up about 5% of my portfolio.