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Chronicles

The story behind the story

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Twitter is selling mobile ad subsidiary MoPub to AppLovin for $1.05B, after acquiring it for nearly $350M in 2013

Manas Mishra / Reuters :

Reuters Manas Mishra

Context & Ripple Effects

Twitter had previously used MoPub to extend advertising beyond its own service through ads in Twitter Kit timelines. Its later CrossInstall purchase, made while rebuilding its ad server, showed it was still investing in ad infrastructure even as MoPub moved toward a sale.

For AppLovin, the transaction adds MoPub to a broader mobile-ad platform; the subsequent closing coverage says the combined platform was expected to handle more than $15B in annualized advertiser spend by 2023.

First-order effects

  • AppLovin gains MoPub's mobile-ad business for $1.05B and can combine it with its existing platform rather than competing for that capability externally.
  • Twitter converts an asset it bought for nearly $350M into cash while retaining its separate ad-server rebuilding effort.

Second-order effects

  • Advertisers using AppLovin and MoPub face a more unified buying and measurement platform, concentrating more mobile-ad activity with AppLovin.
  • Twitter's remaining advertising organization must rely more heavily on its own rebuilt ad infrastructure and interactive-ad assets, including CrossInstall, rather than MoPub's off-platform network.

Third-order effects

  • The deal points toward a clearer split between social platforms monetizing their owned audiences and independent ad-tech platforms aggregating mobile advertising demand across apps.
  • If AppLovin achieves the scale described at closing, mobile-ad infrastructure may become more concentrated around platforms that pair ad-tech tooling with large advertiser-spend flows.

The trend: Mobile advertising is consolidating around independent platforms that can unify demand and tooling across app inventory, while social networks narrow their ad stacks around owned products.

Discussion

  • @nedsegal Ned Segal on x
    Today we signed an agreement to sell @mopub to @AppLovin. We plan to increase focus on O&O product development & replenish near term revenue loss, with the goal of improving time to market to deliver on our previously stated goal of $7.5B or more in 2023.https://www.prnewswire.co…
  • @carnage4life Dare Obasanjo on x
    Twitter selling its ad network continues fallout from Apple's rollout of iOS 14.5. Social apps will focus on making their products more comprehensive as tracking user behavior across apps becomes infeasible. Ad tech companies will consolidate to mitigate. https://www.cnbc.com/...
  • @aripap Ari Paparo on x
    Huge mobile news. Hot take: Twitter wants to get on the right side of privacy issues. https://www.prnewswire.com/...
  • @thezedwards @thezedwards on x
    If you sell an ongoing user data breach subsidiary optimized off kids data via a SDK installed in games/apps targeted to kids, which optimized your algorithms/models off that unfair and deceptive kids data, shouldn't you be required to delete those models before the sale?🧐⚖️⛈ ️💸 …
  • @nedsegal Ned Segal on x
    We're grateful to the teams and customers who've made MoPub a success within Twitter over the years and believe AppLovin will be a great home for MoPub.
  • @derella Matt Derella on x
    Congrats to the @mopub team at @twitter. An amazing group from the initial acquisition through to this next chapter. https://twitter.com/...
  • @mjbarash Matt Barash on x
    Ad tech is red hot. And nobody is on a winning streak like Mr. Lumascape himself @tkawaja . I've lost track of the number of $1B+ exits that he's been a part of this year but it's A FUCKING LOT. https://www.prnewswire.com/...
  • @tkawaja Terence Kawaja on x
    Congratulations to Adam Foroughi, Herald Chen and the team @AppLovin on their acquisition of @mopub from @twitter. https://www.prnewswire.com/... https://twitter.com/...
  • @boo Bruce.Falck on x
    1/ We just announced @MoPub is being acquired by @AppLovin. Since we acquired MoPub in 2013 we've grown the business significantly and it became a leading innovator in a crowded and competitive industry. https://www.prnewswire.com/...
  • @swodinsky Shoshana Wodinsky on x
    twitter just sold off its core mobile adtech biz!!!! what the hell!!! what!!! https://twitter.com/...