“Pinterest ‘more than delivered the goods’ in its blowout quarter, stock soars”
October 29, 2020
“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 Snap, Facebook, Google-parent Alphabet, Amazon 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…”