Elliott Investment Management L.P. (together with its affiliates, "Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding Pinterest, Inc. (NYSE: PINS) (the "Company" or "Pinterest"):
Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to become the Company's largest investor. As the market-leading platform at the intersection of social media, search and commerce, Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest's next phase of growth. We commend Ben Silbermann and the Board on the leadership transition, and we look forward to continuing our collaborative work with Ben, Bill and the Board as they drive toward realizing Pinterest's full potential.
Pinterest beats revenue target on advertising strength, shares surge
Thu, February 3, 2022, 2:20 PM·
Feb 2 (Reuters) - Pinterest Inc beat fourth-quarter revenue estimates on Thursday as retailers splurged on advertising during the holiday quarter, sending the image-sharing platform's shares over 20% higher aftermarket.
Revenue rose 20% to $847 million, surpassing analysts' estimate of $827 million, according to Refinitiv IBES data.
Monthly active users (MAUs), however, declined 6% during the fourth quarter to the lowest since June 2020, signaling that a pandemic-driven surge in demand was cooling off as easing restrictions encourage people to step out more.
MAUs - a key metric that shows engagement levels on the website - was 431 million for the quarter, the company said on Thursday. That missed analysts' estimate of 447.95 million, according to FactSet.
Facebook owner Meta Platforms also saw a decline in daily active users from the previous quarter for the first time, and doled out a disappointing earnings forecast on Wednesday, blaming Apple's privacy changes and increased competition from rivals like TikTok.
Like its peers, Pinterest had seen a surge of interest when the pandemic first struck after users took to the digital pinboard to plan DIY projects or "pin" interesting ideas to keep themselves entertained during lockdowns.
Now, social media companies are focusing on advertising efforts to sustain revenue growth, with large retailers and small-business owners taking to these platforms to attract online shoppers.
Pinterest now faces an uphill task to scale its video-first features Pinterest TV and Idea Pins, as well as influencer marketing efforts, especially when platforms YouTube, Instagram and TikTok have a significant lead.
Its net income was $175 million for the quarter ended Dec. 31, compared with $207.8 million a year earlier.
Damn man how about 35$ wow haha
It's still pretty funny when I only owned two way out of the money calls, and even more funny funny with also having that are in the money puts.
Well there is some big news that’s pretty funny, just not the type you were looking for lmao
Well, since this board seems to have been abandoned... shares jumped up 10% today on news of PayPal showing interest in merging with Pinterest. There is no confirmation at this point, but you know how folks like to "buy the rumor, and sell the news."
LOL at $PINS!!! OUCH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It's the claytraders of our little world makin a buck. At 77 you're a little late to the party for short-term gains, but many of us feel pins will easily exceed 100 in 2021. Not advice, just where I think it's going.
I've been adding in 50 share increments since pins dropped under 65. If I see sp drop into the low 40s, I'll start buying in 100 share increments.
Current average is 23.50.
I know this may not mean much, but we're good company as the tech market is crap right now. Look at where tsla, lmnd, spce, snow, and ETFs like arkk were back in February. They'll all come back... in time.
this stock ran way too far way too fast
$60 then $55 are in play
Oct-21-20 Upgrade Goldman Neutral ? Buy $37 ? $61
Oct-21-20 Upgrade BofA Securities Neutral ? Buy $58
More than 8 points higher than 9/3 close. What's that? Close to +24%? ??
Bullish indicators even after today’s sell off? Lol
Nice $PNNX news Pennexx is About to Launch the Your Social Offers Debit Card as They Enter the Projected 4.7 Trillion Dollar FinTech Industry, a New Version of Its Merchant Dashboard and a New User Portal Press Release | 08/25/2020 Philadelphia, PA, Aug. 25, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- YourSocialOffers.com (YSO) anticipates the launch of their debit card into the projected 2020 US $4.7 trillion dollar FinTech industry, a new version of its merchant dashboard and a new user portal. Pennexx (PNNX) is approaching the launch of its branded prepaid debit card program. The company has been fully approved and finalizing the deployment, such as the graphics for its customized prepaid debit card. These debit cards will allow Pennexx's (YSO) to credit rewards directly into their users' prepaid debit cards, enabling utilization online or in-store. YSO can then propel into its Social Media Influencer program. https://www.otcmarkets.com/stock/PNNX/news/Pennexx-is-About-to-Launch-the-Your-Social-Offers-Debit-Card-as-They-Enter-the-Projected-47-Trillion-Dollar-FinTech-Indu?id=271887
Anyone here see this
Pennexx Has Launched an Integration With Pinterest, Reddit, and WhatsApp, Opening Up Billions of Users Who Can be Rewarded Through YSO Philadelphia, PA, Aug. 20, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Pennexx Foods (OTC:PNNX) has announced the ability to share rewards, discounts, and offers on three new platforms with its patent-pending web app YourSocialOffers.com (YSO), lending more flexibility as they continue to grow. Added to their growing platforms is Pinterest, the fourth most popular social media platform in the United States. Pinterest is a visual discovery engine for finding and pinning ideas like recipes, home, and style inspiration, including discounts, offers, and rewards that apply utilizing https://YourSocialOffers.com. YSO Merchants and users can now pin directly to their Pinterest account. YSO also added WhatsApp, an American freeware, cross-platform messaging, and Voice over IP service owned by Facebook, Inc. It allows users to send text messages and voice messages, makes voice and video calls, and share images, documents, user locations, and other media such as offers from YSO. What makes this app appealing is that it works on various phone and computer operating systems. Therefore, creating a new way for YSO users to share rewards with their friends and a new way for merchant offers to be communicated to new and existing customers. According to Oberlo.com https://www.oberlo.com/blog/whatsapp-statistics around the globe, 1.6 billion WhatsApp users access the app every month. Lastly, merchants and users can now share on Reddit. Reddit ranks as the 19th most visited website in the U.S. and the world, according to Alexa Internet, with 55% of its user base coming from the United States. Registered members can submit content such as links, text posts, and images. This content is then voted up or down by other members. Posts are organized by subject to user-created boards called "subreddits," which cover various topics such as news, politics, science, movies, video games, music, books, sports, fitness, cooking, and pets, and image-sharing. Submissions with more up-votes appear towards the top of their subreddit and, ultimately, on the site's front page if they receive enough up-votes. According to Vincent Risalvato, CEO of Pennexx, "Because of the nature of Reddit, it is an exciting social media network to join because it represents a viral launching ground social media." YourSocialOffers.com continues to offer more flexibility to meet the needs of all merchants and users on their site. YSO is reporting to add more social media launches coming and more features to launch in the upcoming weeks and months. Sunny Sweet, CMO of Pennexx, states, "Every time we integrate with a new social media platform, we extend the reach of YSO's offers by millions or even a billion users. These are exciting times for YSO as we develop our company, deploy new features, and create value for our users, merchants, and shareholders." Users can go to https://yoursocialoffers.com/search.php to see current offers and upon registering share those offers on these new social media platforms as well as Facebook and Twitter, which were already available. About Pennexx Foods Inc. About Pennexx Foods Inc. (PNNX: OTCMKTS US): Pennexx, through its wholly-owned subsidiaries, is a holding company within the Software/Internet Industry focused on social media, prepaid debit cards, BitGift™, artificial intelligence, targeted marketing, and consumer rewards. Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report. For additional information, visit our website at https://yoursocialoffers.com or https://pennexx.net or call 866-928-6409. Please follow us on Twitter @Pennexx.