2023-06-30 06:07:00 ET
Pinterest (NYSE: PINS) could see revenue reaccelerate sooner than expected thanks to a smart move the tech company made earlier this year.
In April, the image-based social media platform disappointed investors with an outlook that called for relatively slow revenue growth in the second quarter. That same day, however, it announced a partnership with Amazon to display third-party ads on its platform. The partnership offers several benefits, including more inventory and better targeting than Pinterest's first-party data could allow.
And Pinterest seemingly put that partnership to work. The result could be better-than-expected revenue growth, leading to strong stock performance for investors.
For further details see:
Can Pinterest Stock Bounce Back Following a Disappointing Outlook?