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Meta and Pinterest Fall as Youth-Safety Trial Opens, Repricing Social-Media Risk
business7 days ago

Meta and Pinterest Fall as Youth-Safety Trial Opens, Repricing Social-Media Risk

Meta Platforms and Pinterest slid about 4% ahead of a bellwether 29-state youth-safety trial in Oakland, where CEO Mark Zuckerberg and Instagram head Adam Mosseri are expected to testify; plaintiffs allege platform features drive teen use and harm mental health while COPPA violations are cited, with potential damages cited up to trillions and a broader repricing of social-media risk, alongside notes of BlackRock’s El Paso data-center insurance concerns and investors awaiting trial outcomes.

via 24/7 Wall St.|
#business#coppa#meta-platforms
Social-media legal risk resurfaces as Meta and Pinterest slide ahead of youth trial
investing7 days ago

Social-media legal risk resurfaces as Meta and Pinterest slide ahead of youth trial

Meta Platforms and Pinterest each fell about 4% as a landmark 29-state youth-safety trial opens in Oakland, with Mark Zuckerberg and Instagram head Adam Mosseri set to testify over alleged teen harm and COPPA violations. Plaintiffs seek damages potentially running into trillions; Meta argues the claims are unsubstantiated while noting industry-wide challenges. The stock moves reflect investors repricing regulatory and litigation risk across social media, with peers like Snap and YouTube-related stocks also under pressure amid ongoing litigation and related insurance concerns around a BlackRock–Meta data-center venture.

via Yahoo Finance|
#bellwether-youth-trial#investing#legal-risk
Pinterest scales AI ambitions with a $4B AWS infrastructure deal
technology2 months ago

Pinterest scales AI ambitions with a $4B AWS infrastructure deal

Pinterest announced a planned $4 billion, 2031-end infrastructure commitment with AWS—the largest in its history—to train and run AI models at scale for over 600 million monthly users, leveraging AWS Trainium and Graviton chips. The deal deepens a decade-long partnership, supports AI-driven visual search and discovery, and accompanies Pinterest’s infrastructure modernization to Kubernetes on EKS to boost developer velocity and efficiency.

via About Amazon|
#ai-hardware#artificial-intelligence#aws
Pinterest sacks engineers over layoff-tracking script
technology6 months ago

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
Pinterest Shares Drop 20% Amid Earnings Miss and Tariff Challenges
business9 months ago

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
Pinterest introduces controls to limit AI content in feeds
technology10 months ago

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
Pinterest Stock Dips Amid Mixed Revenue Signals and Investor Concerns
business1 year ago

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
Pinterest Shares Drop Amid Disappointing Holiday Revenue Forecast
business1 year ago

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
"AI Gold Rush: Next Big Stocks to Buy Beyond Nvidia"
finance2 years ago

"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