Pinterest soars on rising Gen Z engagement, ad-market rebound

) surged 17% in premarket trading on Tuesday after a strong quarterly performance indicated that the image-sharing platform was riding a rebound in the advertising market and making inroads among the lucrative Gen Z.

"Take the strong engagement trends as a sign that Pinterest may have found product-market fit with younger users which keeps the flywheel going," Bernstein analyst Mark Shmulik said. Shares were up 17% at $29.43, and the company was on track to add nearly $3 billion in market value if the gains held.Meanwhile, the company said more than half its users were viewing the platform, which helps create online pinboards, as a place to shop and the company has focused on making it more"shoppable" to help drive engagement.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Arista, Lattice, Pinterest, Wolfspeed, BP, AB InBev, and More Stock Market MoversArista Networks' third-quarter adjusted earnings easily topped estimates, Lattice Semiconductor issues a weak revenue forecast, and Pinterest posts a profit...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Stocks making the biggest moves premarket: JetBlue, Pinterest, Chewy, Caterpillar and moreThese are the stocks posting the largest moves in premarket trading.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »