Adam Foroughi. In September 2016, he agreed to sell a majority stake to Chinese investment firm Orient Hontai Capital in a deal that valued the whole company at $1.4 billion. Parviz runs Amazons version of Googles moonshot factory called X. It was recently valued at $2 billion and Foroughi expect to take the company public in the. AppLovin Corporation's (APP) CEO Adam Foroughi on Q3 - SeekingAlpha It's actually a myth about how to make money on Facebook Adam Foroughi is an Iranian-American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company. But AppLovin CEO Adam Foroughi isn't like many people. AppLovin has recently been acquired for $1.4 billion, the largest mobile ad tech exit in history. Pourzanjani started PriceGrabber in 1999. Foroughi bootstrapped AppLovin for years without outside funding. Want to more about Him? of 938,912 shares made by Eduardo Vivas Five years ago, AppLovin co-founder Adam Foroughi thought he'd just sold his mobile advertising start-up for $1.4 billion. And that might have been AppLovins path, except for the election of Donald Trump two months later and the ensuing trade war with China. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. This time he's gone too far. Its a platform for mobile game developers based in Palo Altowith the requisite cutesy name to boot. Coriant was acquired by Infinera shortly thereafter for $430 million. There was a problem! Its first main product was AppDiscovery, which launched in 2012 and is geared toward assisting developers, but it pivoted to go directly to the consumer as well in 2018 after raising $400 million from private equity giant KKR at a reported $2 billion valuation. Others Named Adam Foroughi. Adam Foroughi - CEO, Co-Founder @ AppLovin - CrunchBase Where is AppLovin headquarters? The IPO is a capstone on a 10-year journey for AppLovin, which began with no venture capital funding despite countless meetings when it was founded in 2011, Foroughi wrote in a letter in its registration filing. , An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system.
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