Why AppLovin Corp. (APP) Performed Worst On Friday?

We recently published a list of Friday’s 10 Worst Performing Stocks. In this article, we are going to take a look at where AppLovin Corp. (NASDAQ:APP) stands against other Friday’s worst performing stocks.

The stock market suffered a bloodbath anew on Friday as investors digested news of a growing trade war, with China making good on its promise with a steep tariff on US goods.

As of 2:55 PM, the S&P 500 lost 5.47 percent of its value, the tech-heavy Nasdaq fell 5.37 percent, and the Dow Jones was down by 5.09 percent.

Following President Donald Trump’s imposition of hefty tariffs on all imports to the US, China on Friday struck back with a 34-percent tariff on US goods. The tariffs will begin on April 10.

Ten individual stocks mirrored a broader market pessimism, recording steep intra-day losses. In this article, let us explore Friday’s worst intra-day performers and the reasons behind their decline.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.

A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform.

AppLovin Corp. (NASDAQ:APP)

AppLovin declined for a third consecutive day on Friday, losing 19.10 percent at intra-day trading as investors sold off positions amid the overall market pessimism, shunning news that it was acquiring social media giant TikTok.

According to reports, APP co-founder and CEO Adam Foroughi confirmed that the company placed bids to potentially acquire TikTok, but refuted reports that casino mogul Steve Wynn was involved in the bid.

In a regulatory filing, APP said it submitted a bid to acquire TikTok assets outside of China ahead of the supposed April 5 deadline set by US President Donald Trump to find a non-Chinese buyer.

However, it said that the bid proposal is still preliminary and there can be no assurance that a transaction will proceed.

Amazon Inc. and separately, a consortium led by OnlyFans founder Tim Stokely, are competing with APP to acquire the Chinese firm.

Overall, APP ranks 4th on our list of Friday’s worst performing stocks. While we acknowledge the potential of APP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than APP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.