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technology24 days ago•2 min saved

Pinterest sacks engineers over layoff-tracking script

Pinterest fired two engineers after they wrote custom scripts that improperly accessed confidential information to identify the names and locations of employees who were laid off, then shared it broadly—a breach of company policy and privacy. The layoffs affect about 15% of staff (roughly 700 roles). The incident occurred amid a broader tech-industry wave of cuts, with teams using internal tools like Slack to track who remained at the company.

via BBC|

#internal-tools #layoffs #pinterest

technology1 month ago•4 min saved

China’s open-source AI push reshapes the tech race

Chinese AI models, led by DeepSeek R-1 and Qwen, are increasingly powering U.S. companies like Pinterest and Airbnb thanks to open-source access and lower costs, a trend Stanford researchers say has Chinese models catching up or ahead of peers, signaling a shift toward open AI dominance away from heavily proprietary US systems.

via BBC|

#artificial-intelligence #china #hugging-face

technology1 month ago•0 min saved

Twitter and Pinterest founders launch new app as social media alternative

Twitter and Pinterest founders have launched a new app as an alternative to traditional social media platforms, aiming to provide a different experience for users seeking alternatives to mainstream social networks.

via Financial Times|

#app-launch #pinterest #social-media

business3 months ago•3 min saved

Pinterest Shares Drop Amid Ad Competition and Tariff Pressures

Pinterest's stock dropped over 22% after its Q3 earnings missed estimates, despite user growth, due to concerns about slowing growth, macroeconomic factors, and potential risks from AI advancements. Analysts remain bullish on the stock's long-term prospects, but some express caution about future challenges.

via TipRanks|

#ad-revenue #ai-impact #business

business3 months ago•1 min saved

Pinterest Shares Drop Amid Tariff and Competition Challenges

Pinterest's recent AI initiatives, including the Pinterest Assistant, failed to impress investors due to weaker-than-expected guidance and concerns over softer ad spending linked to trade tariffs, leading to a 21% drop in shares despite user growth and advancements in visual search technology.

via qz.com|

#ad-spend #ai #business

business3 months ago•3 min saved

Pinterest Shares Drop 20% Amid Earnings Miss and Tariff Challenges

Pinterest's stock dropped over 21% after its Q3 earnings missed expectations, with revenue in line but EPS below forecasts. User growth was strong, but tariffs and cautious ad spending by retailers impacted ad revenue, leading to lowered guidance for Q4. The company is focusing on AI-powered shopping features and partnerships to boost monetization, but investor confidence remains cautious amid softer growth signals.

via Investor's Business Daily|

#ad-sales #business #earnings

business3 months ago•2 min saved

Pinterest Shares Drop Amid Earnings Miss and Rising Competition

Pinterest's stock dropped over 20% after missing Q3 earnings estimates and providing a weak Q4 revenue outlook, amid signs of moderating ad spend and market uncertainty, despite a 17% revenue growth and increased user base in Q3.

via TipRanks|

#ad-spend #business #outlook

technology4 months ago•1 min saved

Pinterest introduces controls to limit AI content in feeds

Pinterest has introduced a 'tuner' tool allowing users to reduce AI-generated content in their feeds for categories like beauty, art, fashion, and home decor, but it does not eliminate AI content entirely. The feature is available on Android and desktop, with iPhone support coming soon, and is part of Pinterest's broader efforts to manage AI infestation with labels and detection tools.

via The Verge|

#ai-content #image-pins #pinterest

finance1 year ago

Premarket Movers: Pinterest, Monster Beverage, Bath & Body Works, Trump Media

Pinterest, Monster Beverage, Bath & Body Works, and Trump Media are among the stocks experiencing significant premarket movements. Investors are closely watching these companies for potential trading opportunities as market dynamics shift.

via CNBC|

#finance #monster-beverage #pinterest

business1 year ago•1 min saved

Pinterest Stock Dips Amid Mixed Revenue Signals and Investor Concerns

Pinterest's fourth-quarter revenue forecast disappointed investors, leading to a 12% drop in its shares, as it failed to match the performance of larger online ad sellers during the holiday season. The company announced a new $2 billion stock buyback program and highlighted its new Performance+ suite, which uses AI tools to enhance ad campaigns. However, adoption of these features has been slow, and there is softness in the food and beverage advertising sector. Despite this, Pinterest's revenue grew 18% in the last quarter, with global monthly active users rising 11%.

via Yahoo Finance|

#advertising #ai-tools #business

business1 year ago•1 min saved

Pinterest Shares Drop Amid Disappointing Holiday Revenue Forecast

Pinterest's stock dropped by up to 15% after the company issued weak revenue guidance for the fourth quarter, despite surpassing expectations in its third-quarter earnings. The company reported $898 million in revenue and 40 cents per share in adjusted earnings, both above estimates. However, its fourth-quarter revenue forecast of $1.125 billion to $1.145 billion fell short of analyst expectations. The decline is attributed to ongoing weaknesses in the food and beverage advertising sector. Pinterest also announced a $2 billion share buyback, while its expenses rose due to investments in AI and R&D.

via CNBC|

#advertising #business #earnings

finance1 year ago•10 min saved

"AI Gold Rush: Next Big Stocks to Buy Beyond Nvidia"

Goldman Sachs analysts recommend diversifying portfolios by investing in AI beneficiaries beyond high momentum stocks. They specifically suggest considering Pinterest, a visually oriented social media platform with a focus on AI technology, Coupang, a Korean e-commerce leader utilizing AI-powered machine learning, and Amazon, a global online retail giant with a wide range of AI-driven services. These companies have shown strong financial performance and are expected to benefit from the broadening AI trade.

via Yahoo Finance|

#ai-stocks #amazon #coupang

finance2 years ago•0 min saved

"Friday's Stock Movers: Pinterest, Expedia, PepsiCo, and More"

Several stocks are experiencing significant midday movements, including Pinterest, Cloudflare, PepsiCo, and Expedia. The market is closely monitoring these developments as investors assess their impact on the overall financial landscape.

via CNBC|

#cloudflare #expedia #finance

finance2 years ago•0 min saved

"Market Movers: PepsiCo, Cloudflare, Pinterest, Expedia, and More Pre-Market Stocks to Watch"

PepsiCo, Cloudflare, Pinterest, Expedia, and more are among the stocks making significant moves in premarket trading.

via CNBC|

#cloudflare #expedia #finance

businesstech2 years ago•1 min saved

Pinterest's Stock Slides Amid New Ad Deal with Google

Pinterest announces a new ad partnership with Google as it approaches 500 million monthly active users, aiming to boost ad revenue, particularly in international markets. Despite Q4 2023 earnings falling below analyst expectations, the stock rebounded after the announcement. CEO Bill Ready highlighted the potential of the Google deal to increase revenue per user in international markets and discussed the company's efforts to grow user engagement through AI-driven features and new formats.

via TechCrunch|

#ad-revenue #businesstech #google