
Cathie Wood’s Ark Invest Snaps Up 32K Reddit Shares, Ditches ARKA
Cathie Wood’s pivot towards RDDT and other stocks has generated considerable optimism among stock watchers about the asset’s future performance.
Cathie Wood’s pivot towards RDDT and other stocks has generated considerable optimism among stock watchers about the asset’s future performance.
For Q2 2023 which ended on June 30, Pinterest reported revenue of $708 million and global monthly active users of about 465 million.
In addition to announcing the strategic partnership, Pinterest released its earnings for the first quarter.
Pinterest experienced an initial 12% decline in stock value following its less-than-expected Q4 2022 revenue haul.
Pinterest’s financial reports for Q3 2022 have defied the odds of several advertising companies whose revenue reportedly fell short of analysts’ expectations.
Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.
The most recent quarterly report is the first since co-founder Ben Silberman stepped down as CEO.
Elliott Management is the biggest investor in Pinterest. The Vanguard Group has an 8.7% stake in the company.
Shares of image-sharing service provider Pinterest advanced by over 5% on news that the company’s long-term CEO Ben Silbermann is stepping down.
Snap CEO Evan Spiegel sent the digital advertising space into a tailspin and social media stocks down with a bad earnings report forecast.
PINS stock jumped 8% in after-market hours as the company’s ad revenue per user was up 28% at $1.33.
US stock futures rose in early morning trading as quarterly results from Snapchat, Pinterest, Amazon surpass Meta’s earlier poor showing.
Meta recently posted a report short of expectations which affected other social media stocks, including Pinterest, Snap, and Twitter.
Pinterest stock has dropped approximately 51.58%, 8.86%, and 33.74% in the past year, YTD, and three months respectively.
Called Inspire, the feature is already available on the Fiverr mobile app. The latest version is already in the app stores (Apple App Store and Google Play).