Doug O'Laughlin from Fabricated Knowledge on management incentives at $APP Yet Another Value Podcast

Doug O'Laughlin, Founder and Editor of the Fabricated Knowledge and Mule's Musings Newsletter, joins the Yet Another Value Podcast for the 3rd time to discuss AppLovin Corporation (NASDAQ: APP). Doug became excited about the idea and wanted to come on to chat about it because a very aggressive PSU that recently happened at AppLovin, and what these management incentives could mean for the business.

For more information about Doug O'Laughlin and his newsletters, please visit:

Fabricated Knowledge: https://www.fabricatedknowledge.com/

Mule's Musings: https://mulesmusings.substack.com

Chapters:

[0:00] Introduction + Episode sponsor: Stream by Alphasense

[2:17] Overview of AppLovin $APP

[4:50] What does IDFA means and why this is important when looking at $APP, understanding "Mediation"

[13:19] $APP's business model and their portfolio of hyper-casual games

[20:41] Unity and ironSource deal and how that affected AppLovin $APP

[26:22] $APP valuation

[29:30] What is the market missing about $APP?

[32:52] Share buybacks

[36:36] PSU grants and management incentives

[39:32] What concerns Doug the most about $APP

[40:23] Industry headwinds (ad rates getting crushed throughout 2022)

[42:58] $APP corporate governance, acquisition hit rate, incentives

[52:37] Strategic optionality of selling the games business and AI lever

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