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META has attributed its Q2 earnings slump to brewing macro headwinds, but that's not the only headache for the company. META is also dealing with a slew of idiosyncratic ad snags, spanning Apple's privacy policy changes, competition, choppy engagement, and a potential dilution of focu...
Internet ad-exposed companies that have moved down in step as analysts have fretted about the space - and particularly anytime Snap ( NYSE: SNAP ) has bad news - are surging higher today after digital ad elephant Alphabet ( NASDAQ: GOOG ) ( GOOGL ) offered plenty of ...
No criticism to Elliot Management is meant, but sometimes pursuing shareholder value quickly makes sense. I'm sure there are examples of Elliott that worked with management to create long-term value. However, recall Elliott Management is not above pressing for a quick deal. If a s...
On Tuesday, a top analyst said that there may be more pain to come for devices powered by Google's ( GOOG ) ( GOOGL ) Android operating system . For further details see: Alphabet rises as analysts praise search, cloud results amid a 'wall of worry'
PayPal ( NASDAQ: PYPL ) jumped 7.5% in after hours trading after reports that activist investor Elliott Management is building a stake in the payments company. The size of the stake wasn't immediately known, according to a WSJ report . Elliott has taken the stake to try ...
Following weakening performance and a poor takeover attempt, PayPal's shares have plummeted over 50%. Macro conditions are deteriorating and we feel they are bearish for PayPal, the business is not in a position to take advantage. The financials are good and long term the business...
Pinterest (NYSE: PINS) shares have been nearly cut in half this year. Apple's privacy setting changes have negatively affected social media stocks, but additional issues cut much deeper. Here's why things could get even worse for Pinterest. Before changes made by Apple to it...
The release of quarterly results sparked a massive selloff in shares of Snap ( NYSE: SNAP ) last week. Despite an increase in daily active users and revenues, financial figures from the social media giant pointed to deteriorating platform metrics, leading to a sizable loss for t...
The broader stock market pulled off another week in positive territory - but many Communications names weren't there with it, dragged down Friday by disappointing earnings reports that tanked key stocks and saw their peers trade down in sympathy. The Communication Services Select Se...
Stocks dropped on Friday as a handful of high-profile earnings disappointments triggered profit-taking after a three-day winning streak. The Nasdaq led the retreat, falling by 1.9%. Verizon ( VZ ) and Snap ( NYSE: SNAP ) were among the major post-earnings decliners. VZ plung...
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Pinterest Inc. Class A Company Name:
PINS Stock Symbol:
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Pinterest Inc. Class A Website:
Q2 Revenue of $854 million, an increase of 21% Record 522 million global monthly active users, an increase of 12% Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2024. Q2 revenue grew 21% year over year to $854 million. G...
Pinterest (NYSE: PINS) has been in the spotlight since Elliott Investment Management, a notable activist investing firm, acquired a 9% stake in the company in July 2022. This move was a turning point for Pinterest, which at the time was trading at less than $20 per share. Since Elliott ...
2024-07-28 05:59:00 ET On July 19, The Wall Street Journal reported that activist investment firm Elliott Investment Management had purchased a sizeable (but unspecified) stake in coffee giant Starbucks (NASDAQ: SBUX) . Over the last five years, Starbucks stock is down almost 16...