Pinterest plunges as gloomy forecast dampens revenue rebound hopes
Pinterest (PINS.N), shares tumbled nearly 10% on Wednesday after a muted third-quarter outlook dashed expectations for a stabilization in its revenues, as heightened competition in the digital advertising space hurt the company despite broad-based recovery in the sector.
The photo-sharing platform on Tuesday projected current-quarter revenue below analysts' estimates, as it struggles to keep up with bigger rivals including Meta's (META.O), Instagram and Facebook, and Alphabet (GOOGL.O)
That is something that we need to focus upon. Having a lot of things posted on Leo is crucial.
When I saw that headline, I laughed at how AI is changing the landscape of almost everything.
Indeed. There is not going to be an industry that isnt affected.