Pinterest Shares Plummet After Disappointing Forecast and Revenue Report
Pinterest shares took a hit in extended trading on Thursday following a weaker-than-expected forecast and disappointing revenue report. Despite a 12% rise in revenue from the previous year, Pinterest’s net income stood at $201 million, or 29 cents per share, compared to $17.49 million, or 3 cents per share, in the previous year. The platform’s monthly active users in the fourth quarter increased by 11% to 498 million, surpassing analyst estimates of 487 million. However, the global average revenue per user fell short of expectations at $2, lower than the projected $2.05. Following the earnings report, Pinterest’s stock initially plummeted by as much as 28% to an after-hours low of $29.40. However, the announcement of a new Google partnership during a call with analysts led to a rebound, with the stock settling at a nearly 8% decline at $37.82. Pinterest CEO Bill Ready highlighted the potential of the Google partnership to improve monetization in international markets, citing the company’s under-monetization, particularly outside the U.S., where 80% of its users contribute to only 20% of its revenue. Pinterest’s report comes amidst a rebound in the digital advertising market, with Meta, Alphabet, and Amazon all demonstrating double-digit growth in their ad businesses.
Vornado Recalls Two Million Handheld Garment Steamers Due to Burn Hazard
Vornado has issued a recall for two million handheld garment steamers due to a serious burn hazard. The affected models include Steamfast SF-425, SF-435, SF-440, SF-445, and SF-447; Vornado VS-410; and Sharper Image SI-428, sold in various colors. Consumers are urged to immediately stop using the recalled garment steamers and contact Vornado for a full refund or a free replacement, depending on the model.
Brother Wireless All-in-One Printer Deal on Amazon
Looking for an all-in-one printer with seamless mobile and cloud connectivity? The Brother Wireless All-in-One Printer is currently available at a discounted price on Amazon, offering printing, scanning, copying, and faxing capabilities. With features such as page gauge, mobile device printing, cloud printing & scanning, and two-sided printing, this printer is a valuable addition to any home or small office setup. The deal presents an excellent opportunity to acquire a high-quality printer with advanced features at a lower cost.
Stock Market Mixed Movements and Investor Strategies
The stock market saw mixed movements today, with the S&P 500, Dow Jones, and Nasdaq showing slight increases. However, individual tech stocks like Apple, Meta Platforms, Amazon, and NVIDIA experienced declines. Meanwhile, Tesla, Pfizer, Disney, and AMC Entertainment saw notable increases. Artisan Partners Limited Partnership disclosed a decrease in its stake in Expedia Group, Inc., reflecting a shift in investment strategies. Third-quarter earnings reports have highlighted the impact of artificial intelligence (AI) on performance, attracting the attention of investors and analysts.
Take-Two Interactive Releases Financial Results for Third Fiscal Quarter
Take-Two Interactive’s financial results for the third fiscal quarter show a slight decline in sales and bookings, but the company surpassed its guidance and recorded its smallest quarterly net loss since the acquisition of Zynga. Despite a setback in sales for NBA 2K24, some flagship titles like Grand Theft Auto 5 and Red Dead Redemption performed well. CEO Strauss Zelnick remains optimistic, emphasizing the strong performance of Grand Theft Auto 5 and Red Dead Redemption 2, as well as the company’s strong mobile performance with Zynga’s games. The company’s focus on cost-cutting and strategic investments will be crucial in navigating the evolving landscape of the video game industry.
WWE Network Expands Reach with New Partnerships and Exciting Events
WWE Network’s recent partnerships with Peacock, Sony LIV, Shahid, Disney + HotStar, and BINGE offer fans unlimited access to premium live events and exclusive content. The highly anticipated WrestleMania XL Kickoff event will feature a face-off between Dwayne “The Rock” Johnson and Roman Reigns, with appearances from WWE Chief Content Officer Paul “Triple H” Levesque and other prominent wrestlers. With the convenience of accessing WWE’s premium content on various platforms, wrestling enthusiasts can stay engaged and connected to the latest developments in the world of wrestling.
Amazon Prime Video Releases ‘Mr. and Mrs. Smith’ Series, Leaving Viewers with Burning Questions
Amazon Prime Video’s ‘Mr. and Mrs. Smith’ series has left viewers with burning questions about the fate of the main characters, John and Jane Smith, portrayed by Donald Glover and Maya Erskine. The series offers a fresh take on the story, with a love story between the Smiths interwoven with intense action sequences. The finale leaves viewers on a cliffhanger, prompting speculation about the ultimate outcome for John and Jane, and has fans eagerly anticipating the potential resolution in a second season.
Dakota Johnson Opens Up About Negative Experience on ‘The Office’
Dakota Johnson opens up about her negative experience on ‘The Office,’ describing feeling marginalized and overlooked by the cast and crew. Her candid remarks shed light on the behind-the-scenes atmosphere of the iconic sitcom, sparking discussions about the potential future of the show’s universe.
Delicious Super Bowl Dips to Elevate Your Game Day Snacking
Get ready for the Super Bowl with these delicious dip recipes that will elevate your game day snacking experience. From classic favorites like spinach artichoke dip to unique options like crab rangoon dip, there’s something for everyone to enjoy while watching the big game.
Two JetBlue planes collide on tarmac at Boston Logan International Airport
Two JetBlue planes collided at Boston Logan International Airport, grounding both flights for repairs and impacting travel plans. No injuries were reported, and the FAA is investigating the incident.