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PINS News13 articles
Snap Shares Plunge to 52-Week Low Amid Ad Market Uncertainty
Snap Inc. shares tumbled to a 52-week low of $4.37, down over 54% in the past year, despite reporting a 10% revenue increase. First-quarter guidance fell short of analyst expectations.
Snap Shares Extend Decline Amid Tech Selloff, Ad Pressure Persists
Snap Inc. shares declined again Thursday, marking a third straight loss amid a broader selloff in technology stocks. The stock now trades 56% below its July high as the company grapples with pressure on its core advertising business.
Snap Shares Dip Amid Regulatory Scrutiny and Ad Revenue Concerns
Snap shares fell nearly 1% as regulators in the UK and Australia ramped up pressure over child safety enforcement. The company also faces investor caution after providing a first-quarter revenue forecast slightly below Wall Street expectations.
Pinterest Shares Drop 6.6% Amid Broader Market Selloff, Ad Concerns Persist
Pinterest shares declined 6.6% to $18.09 Thursday, pressured by a broader market downturn and ongoing skepticism about retailer ad spending despite significant backing from activist investor Elliott Management.
Pinterest Secures $1B Elliott Investment, Launches $3.5B Buyback
Pinterest announced a $1 billion strategic investment from activist investor Elliott Investment Management alongside a new $3.5 billion share buyback authorization. The company's stock rose nearly 5% in early trading following the news.
Communication Sector Stalls as Ad Worries Offset Gains
Communication services stocks lacked momentum entering a holiday-shortened week, with the sector's main ETF finishing essentially unchanged. Heavyweight internet stocks declined while telecom and media names provided some support.
Meta Shares Slide Amid Ad Market Jitters, Pinterest Plunge
Meta Platforms shares declined Friday, pressured by broader tech weakness and concerns over digital advertising demand after Pinterest issued a disappointing forecast.
Communication Services Stocks Face Pressure from Pinterest Plunge, Alphabet Debt, and Media Deals
Pinterest's sharp decline on weak ad outlook weighs on the communication services sector, while Alphabet's bond sale and media merger activity set the stage for Tuesday's trading.
Pinterest Plunges on Weak Revenue Forecast, Job Cuts
Pinterest shares tumbled roughly 20% in premarket trading after the company projected first-quarter revenue below analyst expectations, citing reduced advertising spending by major retailers.
Pinterest Shares Slide on Cautious Q1 Revenue Outlook
Pinterest shares declined roughly 3% in extended trading after the company issued a first-quarter revenue projection that fell short of Wall Street expectations.
Reddit Shares Surge 5% as Analysts Recalibrate Following Strong Q4
Reddit stock climbed over 5% in afternoon trading, defying a flat broader market, as Wall Street analysts adjusted price targets following last week's robust earnings report and a new $1 billion share buyback authorization.
Reddit Shares Surge as Analysts Maintain $300 Targets Despite Engagement Concerns
Reddit stock climbed 6.5% after Citizens and Needham reaffirmed $300 price targets, though user engagement metrics show signs of softening. Broader markets edged higher ahead of key U.S. economic data.
Reddit Shares Recover as Analysts Recalibrate Following Mixed Q4 Results
Reddit stock gained 2% in morning trading, rebounding from last week's post-earnings decline. Analysts issued divergent price target revisions as investors assessed user growth and advertising momentum.