For those who do not have an account on a certain platform, we added the official website link of the platform. 2023 CNBC LLC. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Arash Adam Foroughi, 42 - Menlo Park, CA - MyLife.com $6.17M on May 19, 2021. Parviz runs Amazons version of Googles moonshot factory called X. The most-recent trade in AppLovin Corp is the Mehr started the online dating service in 2007, growing it to almost $200 million in annual revenue in 2013 and the verge of an IPO. The CEO of AppLovin is Adam Foroughi. At times he has criticized and embarrassed Tinders parent company, Match Group (which is part of IAC), with his public comments. Foroughi says though the company was profitable early on, he was unable to secure venture funding, and raised $4 million from angel investors. You can help Wikipedia by expanding it. The company has been on a buying spree since 2018, spending more than $1 billion on 15 acquisitions and partnerships, according to its public offering filing with the SEC. The Hostage Crisis, Death to America, The Axis of Evil, The Great Satan, The Travel Banthese are hardly the buzzwords that form the foundation for a fruitful relationship, yet Iranian-Americans have flourished amid the rancor. But once some family members attained success, it encouraged others. You can select different timeframes to see how Arash Adam Foroughi's insider trading performs compared to the benchmark. He wasCEO of Juniper Networks in 2014 and ran Coriant, an optical networking firm until June 2018. 3Q Digital and Google hosted the 3Questions Executive Summit last week, which gathered the biggest thinkers in media, games, entertainment, video, fitness, and healthcare to talk about the changing technology and media landscapes. Mohit is a serial entrepreneur who started Bizrate to give consumers confidence in ecommerce and then Shopzilla, a shopping search engine. Based in Palo Alto, California, AppLovin was founded in 2011 and went public in April 2021. Insider trading is most common in April, with the busiest year in 2021. Its market cap is about $400 million. Adam Foroughi Email & Phone Number - AppLovin | ZoomInfo After cutting his teeth at the likes of LifeStreet and Social Hour, Foroughi co-founded his current company, AppLovin, in 2012 with John Krystynak and Andrew Karam. He is Unknown years old. He is a former Googler himself and is the creator of Google Glass. Moiin has spent more than 30 years in the technology business, and ran tech and strategy for Nokias networking division from 2010 until February 2018, when then-CEO of Coriant,Shaygan Kheradpir, brought him on as astrategic executive advisor for the companys 5G initiative. So there's a really high bar, because I will rarely miss time at home with my family for that," says Foroughi. Adam. Foroughi wants to make sure his employees are continuously learning and growing. "A work dinner must be really impactful or I won't take it. Sign up for our weekly roundup on the latest in tech, This site is protected by reCAPTCHA and the Google. Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War. Moghadam was one of three cofounders of RapGenius, which later rebranded as Genius, a site dedicated to explaining rap lyrics and other texts. AppLovin revenue grew 46% to $1.45 billion in 2020, though it incurred a net loss of $125 million. He died in 1994 frommesothelioma at age 52. In this section, we will talk about Adam Foroughi's personal life, life story. With the company growing rapidly, Foroughi and team decided to sell out to a Chinese private equity firm, Orient Hontai Capital, in September 2016 at a valuation of $1.4 billion. Foroughi's colleagues tell me he's king of multitasking, organizing, and productivity. As we do not have all data currently, we keep some fields blank which we will update soon. , AppLovin has raised 543 employees. When is Adam Foroughi's next birthday? Kordestani had a successful career as a Silicon Valley executive with stints at HP, as well as historically notable startups such as Go, 3DO, and Netscape. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Rad was replaced as CEO in 2014, for six months, before returning and running Tinder until December 2016. AppLovin was founded in 2012 by Adam Foroughi, John Krystynak, . In 2012, he and Mateen cofounded Tinder, the dating app which revolutionized smartphone interaction design, thanks to the concept of the swipe. Hes been an early investor in multiple successful tech companies with Iranian-American founders including Aquantia, SoundHound, and AppLovin. He helped grow the company by significantly growing its technical talent and acquiring dozens of startups to build out its internet service. Best known as an investor (see below), Pishevar cofounded Hyperloop One in 2014 in response to Elon Musks call for others to take up the idea he championed for high-speed transport. 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The price-comparison shopping tool was acquired in 2015 by Connexity, which is the rebranded Shopzilla which Farhad Mohit founded. Enjoy a 7-Day Free Trial Thru May 08, 2023! Research and development costs quadrupled last year and administrative expenses more than doubled, leaving AppLovin with a net loss of $125 million after the company was profitable in 2019. The estimated net worth of Arash Adam Foroughi is at least $91 Million dollars as of 2023-05-01. Fury of the Gods performed so poorly at the box office has taken a messy turn. Adam Foroughi net worth South Africa national cricket team net worth . Who is the Girlfriend of Adam Foroughi? In 2014, Roche acquired Bina in a deal that was worth up to $121 million. It turned out to be a fortuitous break for Foroughi, 40, who kept control of the company and oversaw rapid growth in the last half-decade. Please refresh the page and try again. There aren't many billion dollar software companies that didn't raise venture capital funds. Also a quick word about the companys name, Applovin. While some have suggested that AppLovin is an homage to actor Christopher Charles Mintz-Plasse characters pseudonym, McLovin, in the 2007 movie Superbad, Foroughi says thats not the case. And theyre also facing more competition from Apple. They werent the ones running across the border with their possessions on their backs.Though many lost vast sums of wealth leaving Iran, most still had enough to maintain a decent, middle-class life in the United States. Foroughi bootstrapped AppLovin for years without outside funding. Adam Foroughi email address & phone number - RocketReach Latest Growing a Business 3 Reasons. 11 at Google, brought on to be its first business executive. After cutting his teeth at the likes of LifeStreet and Social Hour, Foroughi co-founded his current company, AppLovin, in 2012 with John Krystynak and Andrew Karam. Partovi liked him though, and when Ferdowsi quit MIT to start Dropbox, Partovi offered an initial investment and lots of advice. Pishevar is another colorful, controversial founder on this list. Foroughi says the company has a revenue run rate of around $1 billion with more than 300 million daily active users on its platforms, and growing by high double digits. And it's a great win for the handful of investors who did back. 4 . Foroughi believes that while many people may be qualified to do a job, if their personal and professional goals don't match the role, you still shouldn't hire them. Arash Adam Foroughi currently owns a total of 1 It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. He was employee No. I don't care if [their idea] bugs people, as long as it gets results.". "This program is really about entrepreneurship versus taking an equity stake," explained AppLovin chief marketing officer,Katie Jansen. How much funding does AppLovin have? As you are curious to know about Adam Foroughi. Foroughi owns 9.2% of its shares. And a most American one at that. He went on to create the popular social image-sharing app Flipagram, which Bytedance acquired in 2017. But the deal fell through. The physical condition of Adam Foroughi is good. But look more closely and you see that Foroughis story is actually pretty darn singular, and even more than that, reflective and emblematic of much that is going on in business and society. Foroughi, who created AppLovin after starting a couple other ad tech companies, owns 27.9 million shares valued at $2.2 billion. Foroughi, 40, is the latest tech entrepreneur to join the billionaire ranks in 2021, as public market investors continue piling into high-growth internet companies. When youre Iranian and we talk about the food, your background, your culture, its a magnet., All this bodes well for the next generation of Iranian immigrants, and not just in the tech world. His father, a physician, had been head of family planning for all of Tehran. 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What You Didnt Know: How Sudans Civil War Matters To M&Ms, Coke, Las Vegas Sands, Boyd Gaming And Red Rock Resorts: Gambling Stocks With New Highs. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In the years after the Iranian Revolution of 1979, Foroughis secular-leaning family ran afoul of Ayatollah Khomeinis regime and fled first to France and eventually received asylum in the United States. In October 2017, Sir Richard Branson took a majority interest in the company. At first blush, Adam Foroughis company, AppLovin, appears to be just another Silicon Valley unicorn, to the extent that such a thing is commonplace. 1,707 (2022) Subsidiaries: MoPub: Website: applovin.com: Footnotes / references: . podcast episodes, Brokers, Bagmen, & Moles podcast episodes, Connections with BCD Travel podcast episodes, Cyber Security & Cloud Podcast podcast episodes, Coinbase Institutional Market Call podcast episodes, South Side Rules: A Shameless Podcast podcast episodes. I mean I like the movie, its pretty cool, but actually we just needed to come up with a name and we knew about the company [content organizing platform] Bloglovin [it has an apostrophe, AppLovin does not], and we just kind of followed their lead. (A little bit different from the typical computer-generated-ending-with-the-suffix-ly name, right?). a net Beykpour has continued to oversee Periscope while expanding his purview at Twitter. AppLovin's IPO gave cofounder and CEO Adam Foroughi a $2 billion stake. Foroughi says having kids forced him to put things into perspective with time management. AppLovin headquater is at United States Test Drive Latka's Directories Browse Directories A B C D E F G H I J K L M N O P Q R S T U V W X Y Z San Francisco, California, United States View. Get this delivered to your inbox, and more info about our products and services. His philosophy is simple but also brutally honest. Adam Foroughi is co-founder and CEO of AppLovin, a mobile advertising technology platform offering dynamic ad matching to over a billion consumers each month. Were a profitable business. And that might have been AppLovins path, except for the election of Donald Trump two months later and the ensuing trade war with China.
