Snap earnings signal an online advertising ‘bonanza,' Pinterest and Twitter shares rise

Deutsche Bank analysts wrote in a Wednesday note Snap's results implied a "bonanza for online advertising."

"We saw the beginnings of a recovery from brand advertisers, and continued resilience from direct response advertisers, reinforcing our confidence in the long-term positioning of our business," Gorman said on the company's earnings call. Shares of Pinterest also jumped more than 8.5% in premarket trading, after both Goldman Sachs and Bank of Americato buy from neutral due to Snap's earnings beat. Both of the firms said it viewed Snap's strong quarter as a good sign for Pinterest.

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I cut Pinterest 🤦🏾‍♂️🤦🏾‍♂️

Is SNAP the reason FB just spiked?

It may easily be coronavirus COVID19 WednesdayWisdom WednesdayMotivation

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