Activist investor Elliott Investment Management is investing $1 billion in Pinterest Inc. to help fund the social media company’s years-long effort to buy back shares.
Activist investor Elliott Investment Management is investing $1 billion in Pinterest Inc. to help fund the social media company’s years-long effort to buy back shares.
The Pinterest app Photographer: Gabby Jones/Bloomberg
Pinterest Inc. shares fell by the most in more than three years after the company projected current-quarter sales that fell short of Wall Street estimates, the latest in a rocky period marked by layoffs and a pivot toward artificial intelligence products.
Pinterest Inc. shares fell by the most in more than three years after the company projected current-quarter sales that fell short of Wall Street estimates, the latest in a rocky period marked by layoffs and a pivot toward artificial intelligence products.
A banner for Pinterest on the New York Stock Exchange. Photographer: Spencer Platt/Getty Images
Pinterest Inc. said it plans to cut “less than 15%” of its workforce and reduce office space as it shifts resources toward investing in artificial intelligence.
Pinterest Inc. said it plans to cut “less than 15%” of its workforce and reduce office space as it shifts resources toward investing in artificial intelligence.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Food bloggers see traffic dip as home cooks turn to AI, inspired by impossible pictures
Creator Lindsay Ostrom of Pinch of Yum, left, beside an AI-generated, look-alike image labeled “Nora” on a German site. Source: Bjork Ostrom, Pinch of Yum
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