META

Pinterest Struggles with Weak Q1 Forecast Amid Heated Competition for Ad Dollars

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Pinterest Struggles with Weak Q1 Forecast Amid Heated Competition for Ad Dollars

[ad_1] Pinterest released a disappointing forecast for first-quarter revenue on Thursday that fell mainly below Wall Street expectations. This signals the intense competition Pinterest faces from more prominent social media players as the digital advertising market stabilizes after a rocky 2022. The San Francisco-based visual discovery platform saw its shares drop over 9% in extended … Read more

Why Big Tech Is Still Minding Its Bills

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Why Big Tech Is Still Minding Its Bills

[ad_1] Even the deepest pockets have their limits.  Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market … Read more