On this episode of Stock Movers:

- AppLovin (APP) shares are up after the AI-powered advertisement platform reported first-quarter results that beat expectations. It gave an outlook for 2Q, and projected ad revenue beating forecasts too. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business. 

- Coinbase (COIN) shares are higher. The company agreed to acquire Deribit, the world’s largest exchange for Bitcoin and Ether options, for $2.9 billion as the biggest US crypto exchange makes a push into the derivatives market. The purchase marks one of the most-significant acquisitions in the crypto industry’s history and comes as Donald Trump’s return to the White House sparks a wave of deal-making among crypto companies.

- Carvana (CVNA) shares jumped after the online used-car retailer doubled its profits in the first quarter with record vehicle volume and reported revenue that beat the average analyst estimate.

On this episode of Stock Movers: - AppLovin (APP) shares are up after the AI-powered advertisement platform reported first-quarter results that beat expectations. It gave an outlook for 2Q, and projected ad revenue beating forecasts too. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business. - Coinbase (COIN) shares are higher. The company agreed to acquire Deribit, the world&rsquo;s largest exchange for Bitcoin and Ether options, for $2.9 billion as the biggest US crypto exchange makes a push into the derivatives market. The purchase marks one of the most-significant acquisitions in the crypto industry&rsquo;s history and comes as Donald Trump&rsquo;s return to the White House sparks a wave of deal-making among crypto companies. - Carvana (CVNA) shares jumped after the online used-car retailer doubled its profits in the first quarter with record vehicle volume and reported revenue that beat the average analyst estimate.

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Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

AppLovin Soars, Coinbase Shares Higher, Carvana Jumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e5cef00a-ddcc-4460-aa32-b2d7014205c2/transcript

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