Friday, 24 March, 2023

Pinterest Share Jumps As Revenue Beat Shines Out In The Midst Of Social Media Doldrums

<p>The image-sharing platform&#39;s shares rose 15% in after-hours trading after Pinterest Inc. surpassed predictions for quarterly revenue, providing a rare ray of sunshine in an otherwise gloomy social media sector. Earnings of internet players including Alphabet, Meta, etc. have been negatively impacted by a fall in advertising. However, according to Pinterest&#39;s findings, its advertising revenue held up well during the general industry slowdown.</p>