Pinterest Inc
Wolfe Research upgrades Pinterest, cites long-term user and monetization growth under new CEO
Pinterest can jump more than 25% from here as there are “several paths” for the social media stock to outperform, according to Wolfe Research. Analyst Deepak Mathivanan upgraded Pinterest to outperform from peer perform, saying the shares have “meaningful upside” under the new CEO Bill Ready whose appointment points to a deeper commitment to e-commerce […]
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Snap rises 15% immediately after restructuring prepare announced
Snapchat brand exhibited on a telephone display is viewed with a laptop computer in the qualifications in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | Getty Photos Snap confirmed stories it will reduce 20% of its more than 6,000-man or woman workforce and claimed it will scrap […]
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Pinterest’s plan to better compete with TikTok, Shopify and Instagram
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. […]
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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Why Amazon’s digital ad business grew faster than all its rivals in the second quarter
The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Social media giants Meta and Snap are telling investors that the online advertising market is experiencing some turbulence due to the economic slowdown. Amazon is sending a very different message. While the bulk of its business comes […]
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PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. […]
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Stocks making the biggest moves midday: Uber, Pinterest, Caterpillar and more
An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading Tuesday. Uber Technologies — Uber shares popped 17.6% after the ride-hailing giant reported a quarterly revenue that beat analyst expectations. The company’s revenue came in at […]
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Pinterest shares jump after Elliott confirms it’s the company’s largest investor
Shares of Pinterest jumped 14% Tuesday morning, a day after activist investor Elliott Management confirmed it’s Pinterest’s largest investor. The move comes despite Pinterest’s disappointing second-quarter earnings on Monday evening. “Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to […]
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Pinterest is a buy with new CEO and activist Elliott oversight, Susquehanna says
It’s time to buy Pinterest as investors can expect strong leadership from its new chief executive and activist involvement from Elliott Management, according to Susquehanna Financial Group. Analyst Shyam Patil upgraded Pinterest to positive from neutral, lowered estimates, and raised its price target, saying better management improves the outlook at the social media company. “While […]
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Stocks making the biggest moves in the premarket: Caterpillar, Uber, Pinterest and more
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker’s stock fell 3.7% in the premarket after its quarterly earnings beat forecasts but revenue was slightly short of consensus. Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it […]
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