Reported about 9 hours ago
Pinterest's shares rose 20% following an optimistic first-quarter revenue forecast, driven by AI-powered advertising tools that enhance ad spending on the platform. CEO Bill Ready noted that these tools reduce the effort required for advertisers, resulting in a record revenue of $1.15 billion in the fourth quarter despite some weaknesses in certain sectors. With analysts raising price targets and anticipated growth, Pinterest's market valuation could exceed $26 billion.
Source: YAHOO