Meet the Impressive Growth Stock That's Up More Than 700% Since IPO and Is Poised to Join the S&P 500

On Sept. 5, S&P Global announced that advertising-technology company AppLovin (NASDAQ: APP) would be added to the S&P 500 index later this month -- a milestone in AppLovin's publicly traded journey that was unimaginable just three years ago.AppLovin makes money by helping to get its customers' apps -- usually mobile video games -- discovered and monetized. But three years ago, its business results were mediocre. In fact, it almost seemed like management was ready to throw in the towel, considering that it made an unsolicited proposal to merge with Unity Software in a deal that would have put Unity's management in charge of the combined entity.Unity declined the offer, but it likely regrets that decision now. In the years since AppLovin's proposal, Unity's stock price is down 13%. But AppLovin's stock price has jumped 1,480%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool