$Applovin(APP)$
under pressure pre-market on Cleveland 3P checks
1. eCom spending momentum sounds subdued in 1Q – continued instances of churn. Customer feedback from eCom brands suggests scale has been a common issue, with ROI diminishing as budget move up from low initial levels. We have not seen much new customers momentum to offset the instances of churn we’ve seen in 1Q.
目前个别行业的电商效果广告跑得还不是太顺，也就是为什么从25年10月一直到现在，没有全开放电商广告投放到原因，但目前26动态估值已经也在25x左右了，随着供给侧数据增多，全跑顺也是时间问题而已，三度筑底部扎实
$汇量科技(01860)$ 对于汇量这种没有电商预期的标的更不用跟着情绪恐慌，今年先做好游戏IAP就最低500亿市值