This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Twitter Sells Mobile Ad Firm MoPub to AppLovin for $1.05 Billion
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Tech > Twitter Sells Mobile Ad Firm MoPub to AppLovin for $1.05 Billion
Tech

Twitter Sells Mobile Ad Firm MoPub to AppLovin for $1.05 Billion

Editorial Board Published October 6, 2021
Share
Twitter Sells Mobile Ad Firm MoPub to AppLovin for .05 Billion
SHARE

Twitter said the transaction will allow it to better focus on its own platform.

Photo: stephen lam/Reuters

By

Megan Graham

Oct. 6, 2021 6:46 pm ET

Twitter Inc. is selling mobile ad firm MoPub to AppLovin Corp. for $1.05 billion in cash, the company said Wednesday.

MoPub allows app publishers to make money by selling ad slots on their apps, and helps advertisers reach certain audiences on mobile apps, among other offerings.


Newsletter Sign-up

WSJ | CMO Today

CMO Today delivers the most important news of the day for media and marketing professionals.


Twitter purchased the company in 2013 in a deal estimated at the time to be worth more than $350 million.

MoPub says it now helps 45,000 apps source advertising via its exchange. It generated about $188 million in revenue in 2020, according to Twitter.

Twitter said the transaction will allow it to better focus on its own platform, citing offerings such as its performance-based advertising products and e-commerce initiatives.

“The sale of MoPub positions us to concentrate more of our efforts on the massive potential for ads on our website and in our apps,” Ned Segal, Twitter’s chief financial officer, said in a statement. He reiterated a previously announced goal to at least double Twitter’s total annual revenue to at least $7.5 billion in 2023 from $3.7 billion in 2020.

AppLovin, which makes tools for developers of apps to improve marketing and revenue and runs its own mobile-game apps, went public earlier this year. The company’s stock was up more than 9% in after-hours trading following the announcement of the acquisition. Twitter’s stock rose about 2%.

Adding MoPub will help AppLovin assemble more demand and competition for publishers’ ad impressions, AppLovin CEO Adam Foroughi said in a blog post.

More From CMO Today

Write to Megan Graham at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:Tech NewsWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Stocks Close Higher After Morning Selloff Stocks Close Higher After Morning Selloff
Next Article U.S. cutting nuclear warhead stockpile despite major China, Russia buildups U.S. cutting nuclear warhead stockpile despite major China, Russia buildups

Editor's Pick

A brand new elite member bank card is out as issuers goal rich prospects

A brand new elite member bank card is out as issuers goal rich prospects

A ‘Mornings with Maria’ panel offers their reactions to the December jobs report, detailing the influence it could have on…

By Editorial Board 5 Min Read
Two-Legged Chihuahua Saves Proprietor’s Life by Detecting Coronary heart Assault
Two-Legged Chihuahua Saves Proprietor’s Life by Detecting Coronary heart Assault

Andrew with Champ – credit score, SWNS A two-legged Chihuahua named Champ…

3 Min Read
Man establishes tiny republic of 400 individuals in disputed Croatia-Serbia border territory
Man establishes tiny republic of 400 individuals in disputed Croatia-Serbia border territory

A person has declared himself president of a self-proclaimed nation nestled in…

6 Min Read

Oponion

Letters: Oakland mayor | Earlier than vaccines | Cruelty over compassion

Letters: Oakland mayor | Earlier than vaccines | Cruelty over compassion

Lee not the answerfor Oakland mayorRe: “Leaders courting Bay Area…

November 19, 2024

Trump’s guitar grift hit with stop and desist

Donald Trump's newest grift is hawking…

November 27, 2024

Fed Tees Up Taper, Signals Rate Rises Possible Next Year

The Federal Reserve signaled it was…

September 22, 2021

As Crypto Slumps, Goldman Sachs Aims for a Wall Street Built on Blockchain

Wall Street’s biggest banks have largely…

August 22, 2022

Home Prices Rise, and Single People Are Running Out of Houses to Buy

Single people hoping to buy homes…

October 24, 2021

You Might Also Like

Our Sleep Knowledgeable Will Assist You Discover the Finest Coloured Noise for Slumber
Tech

Our Sleep Knowledgeable Will Assist You Discover the Finest Coloured Noise for Slumber

As an authorized sleep science coach and mattress tester of 5 years, I am no stranger to soothing noises being…

7 Min Read
I Wrote This Whereas Trotting On a Dozen Totally different Strolling Pads
Tech

I Wrote This Whereas Trotting On a Dozen Totally different Strolling Pads

Sitting at your desk all day is actually a ache. It’s unhealthy on your psychological and bodily well being and…

6 Min Read
Find out how to Preserve Your Outside Griddle From Rusting
Tech

Find out how to Preserve Your Outside Griddle From Rusting

OK, so you have obtained a yard griddle. Congratulations, it is slightly like becoming a member of a cult—albeit one…

4 Min Read
The Nintendo Change 2’s Largest Downside Is Already Storage
Tech

The Nintendo Change 2’s Largest Downside Is Already Storage

The Nintendo Change 2 is unbelievable—already a contender for the most important gaming {hardware} launch of 2025. I am nonetheless…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?