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“Pinterest ‘more than delivered the goods’ in its blowout quarter, stock soars”

“Shares of Pinterest surged more than 31% in premarket trading Thursday, as investors rallied around the company’s blowout third quarter earnings that indicated advertising demand revved up after a difficult period….  

Shares in tech companies SnapFacebook, Google-parent AlphabetAmazon and Twitter were also up in the premarket, helping recover some of Wednesday’s losses. Pinterest’s boost from a rebound in advertising likely signals positive things for its tech peers that also have major advertising businesses. Alphabet, Facebook, Twitter and Amazon, which has a growing advertising business, are all scheduled to report earnings Thursday afternoon…”

https://www.cnbc.com/2020/10/29/pinterest-more-than-delivered-the-goods-in-q3-on-back-of-ad-rebound.html

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