Adam Foroughi, Applovin CEO: Surviving a 92% Drawdown, Ads as ML 1.0 & the $50B Game Ad Market
Sep 20, 2026 · 23h 1m
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EP · All-In with Chamath, Jason, Sacks & Friedberg · Adam Foroughi, Applovin CEO: Surviving a 92% Drawdown, Ads as ML 1.0 & the $50B Game Ad Market23:00:52
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0:00Adam is probably the best founder no one's ever heard of.
0:03There's an app level hiding inside 100,000 mobile games, and it's quietly outperforming Facebook ads for e-commerce apps.
0:11Of all those thousand-plus IPOs, the number one most valuable is Apple.
0:16Apple Institute, Adam Farugi.
0:18The founder mentality's got to be chase-winning.
0:21They're going to print something like $6 billion in cash this year.
0:24In a world where things don't make sense, people think you're cheap.
0:27Instead of realizing you built one of the cooler technologies the world's ever seen.
0:31Please welcome Adam Farugi.
0:43Welcome, Adam.
0:45Hey, man.
0:45Hey, Van.
0:46How you doing, bro?
0:47Good to see you.
0:47Likewise.
0:48Adam, thanks for being here.
0:50We thought it'd be really great to chat because a lot of people don't talk as much about, you're not in the headlines all the time with your business.
0:57You're operating your business almost like absent media.
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