Pinterest, Snap tumble 18% as outlooks disappoint investorsThe two companies lost a combined $6 billion in stock market value, with Pinterest's now valued at $15 billion and Snap at $13 billion.
28 Apr, 2023, 10.54 PM IST
Pinterest to reduce office spaces as part of restructuringPinterest said it expected to incur between $100 million and $125 million in charges related to the restructuring plan.
28 Mar, 2023, 11.46 AM IST
Pinterest earnings miss estimates as weak advertisement revenues weighPinterest said it expected revenue to grow in low-single-digits in the first quarter, compared with estimates of about 7% growth.
07 Feb, 2023, 10.21 AM IST
Pinterest soars as revenue beat stands out in social media gloom"The bigger opportunity going forward is to find a way to drive incremental engagement on the platform and get monthly active users growing...
28 Oct, 2022, 08.24 AM IST
Social media stocks slump as Twitter, Snap warn of dire ad spendingPinterest Inc plunged 7.5%, Facebook-owner Meta Platforms Inc dropped 4.6%, Google-owner Alphabet Inc, which also sells ads online, fell 2....
22 Jul, 2022, 09.08 PM IST
Social media stocks slump as Twitter, Snap warn of dire ad spendingPinterest Inc plunged 7.5%, Facebook-owner Meta Platforms Inc dropped 4.6%, Google-owner Alphabet Inc, which also sells ads online, fell 2....
22 Jul, 2022, 09.01 PM IST
Activist investor Elliott has built stake of over 9% in Pinterest: reportElliott has told the company that it is its biggest investor, the report said. The Vanguard Group holds an 8.7% stake, according to Refinit...
15 Jul, 2022, 07.50 AM IST
Pinterest results dazzle Wall St as ad business boomsThe image-sharing firm's shares surged up to 20% in extended trading, bouncing back from a dismal Thursday session in which tech stocks wer...
04 Feb, 2022, 09.16 AM IST
PayPal says is not pursuing acquisition of PinterestThe Pinterest deal would have been the biggest acquisition of a social media company at the reported price, far surpassing Microsoft Corp.'...
25 Oct, 2021, 04.00 PM IST
PayPal explores purchase of social media firm PinterestPinterest shares surged in New York trading Wednesday, temporarily triggering a trading halt. They jumped as much as 19%, hitting a high of...
20 Oct, 2021, 10.23 PM IST
Twitter hits highest since 2014 after JPMorgan turns bullishShares gained as much as 6%, with the stock on track for a fifth straight positive session and at its highest since October 2014. The stock...
16 Dec, 2020, 09.43 PM IST
The power of Google and Amazon looms over tech IPOsThe tech giants have the power to change their services at any time, generating havoc downstream. For years, Pinterest nabbed free traffic ...
01 Jul, 2019, 04.59 PM IST
Pinterest soars in debut in 2019's second-biggest US IPOhe company had about $756 million in revenue from online advertisements in 2018, a 60 percent growth rate that accelerated from the previou...
20 Apr, 2019, 11.33 AM IST
Pinterest valued at $12.7 bln in IPO, sign of tech demand after Lyft strugglesLyft shares have dropped around 17 percent from its IPO price.
18 Apr, 2019, 01.41 PM IST
Pinterest IPO raises $1.4 billion as it shuns social media tagPinterest has taken a slow and steady approach to growth and making money from the service, compared with the faster expansion rates of Fac...
18 Apr, 2019, 09.27 AM IST
Pinterest joins US IPO wave with fast revenue growthPinterest has experienced "significant growth" in users and monetisation over the last several years, it said in the filing. It also said i...
23 Mar, 2019, 10.37 AM IST
Pinterest confidentially files for IPO: WSJThe company and its underwriters are said to be planning for a late-June listing with a valuation of at least $12 billion.
22 Feb, 2019, 11.33 AM IST