Pinterest Stock News

SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) announced today that Bill Ready, CEO, will participate in the Goldman Sachs Communacopia + Technology Conference. The session is scheduled for September 11, 2024 at 8:10 a.m PT / 11:10 a.m. ET. A live webcast and replay of the presentation will be publicly available on Pinterest's Investor Relations website at investor.pinterestinc.co...

Fortune recently reported that mergers and acquisitions (M&A) activity is up 17% worldwide through the first half of 2024. Of this activity, 90% of the largest deals so far year-to-date were U.S. targets.

Ark Invest bought shares of AMD, Pinterest, and Intellia Therapeutics on Wednesday. AMD saw its AI chips sales skyrocket, even as the balance of its business is reeling.

Patience is key with these two stocks.

Meta Platforms and Pinterest kicked off earnings season for social-media stocks with contrasting results. Now Snap and Reddit need to show advertising and AI payoffs.

As Pinterest looks to become a central figure in the social commerce space, the company is integrating more directly shoppable features across the platform to drive sales. In its second quarter 2024 earnings results reported Tuesday (July 30), the company shared that revenue rose 21% year over year, reaching $854 million.

Pinterest Inc (NYSE:PINS) shares have tumbled by more than 11% ahead of the open as it warned that earnings could be under pressure in the following months. The social media platform saw its second-quarter earnings beat guidance, but investors appear to have focused more on the lower guidance.

Pinterest shares tumbled more than 12% premarket on Wednesday after a muted third-quarter outlook dashed Wall Street's expectations for a stabilization in its revenues amid a rebound in the digital ad market.