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Reddit prices hotly anticipated IPO at $34 per share, valuing the social media platform at around $6.4 billion

Reddit priced its long-awaited IPO on Wednesday, selling shares at $34 each, valuing the social med…

Jennifer Sor,Erin Snodgrass   


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Reddit prices hotly anticipated IPO at $34 per share, valuing the social media platform at around $6.4 billion

Reddit priced its long-awaited IPO on Wednesday, selling shares at $34 each, valuing the social med…

Jennifer Sor,Erin Snodgrass   


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Pinterest soars 19% on reports PayPal is exploring acquisition of social media company for $39 billion

Bloomberg reported that PayPal is considering paying $70 per Pinterest stock, putting a potential d…

Matthew Fox   


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Pinterest drops, PayPal pops after the payments platform says it is no longer exploring acquisition of social media company

Investors were skeptical of the potential deal, as evidenced by PayPal's swift 11% decline after th…

Matthew Fox   


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Pinterest shares plunge 19% as the social media site loses users in the 2nd quarter

Easing COVID restrictions meant more users spent time outside their homes and away from social medi…

Carla Mozée   


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Pinterest could jump 40% as active users gain and gross margins increase, CFRA says

CFRA says Pinterest's latest post-earnings fall presents an "attractive entry point" for investors …

Will Daniel   


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This chart shows just how absurd Trump Media's valuation is

Trump Media has a price-to-sales ratio of 1,590x, which dwarfs the average 8.3x price-to-sales rati…

Matthew Fox   


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Pinterest climbs 11% after beating revenue and earnings estimates, adding 100 million active users in 2020

Pinterest revealed a strong quarter on Thursday, reporting 76% year-over-year revenue growth and a …

Will Daniel   


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Pinterest jumps 5% on report Microsoft tried to acquire the $51 billion online pinboard platform

Microsoft's potential acquisition of the $51 billion online photo-pinning platform would have been …

Shalini Nagarajan   


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Pinterest soars 39% on strong earnings beat and spike in users amid COVID-19 pandemic

"MAU growth was strong in both the US and international markets, driven primarily by COVID lockdown…

Matthew Fox   


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Social media stocks fall after dismal Snap earnings as investors fret over ad sales slowdown

The social media sector is reeling from Snap's disappointing quarterly earnings report, as investor…

Jennifer Sor   


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Pinterest skyrockets 37% after reporting blockbuster earnings with growth in revenue and users

"This quarter we reached a milestone—more than 400 million people now come to Pinterest every month…

Carmen Reinicke   


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Why tech stocks are having a scorching-hot week of gains as banks keep failing

"It sounds like a Twilight Zone comment to many investors: tech stocks have become the new safety t…

Matthew Fox   


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Snap and Pinterest slide as Bank of America downgrades the social media companies on 'positioning around reopening'

Snap and Pinterest fell after Bank of America downgraded the social media companies to neutral, cit…

Carla Mozée   


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Matthew Fox   


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Hedge-fund titan Dan Loeb exited his Palantir trade, made a big bet in a newly public company, and trimmed big tech stocks in the first quarter of 2021

Third Point's Dan Loeb slimmed down his positions in Alphabet, Amazon, and Facebook in the first qu…

Emily Graffeo   


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US stocks fall after Nancy Pelosi's visit to Taiwan raises tensions with China

Pelosi's trip to Taiwan dragged both US and Taiwan stock markets lower on Tuesday, as the market co…

Matthew Fox   


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Twitter named 'top pick' of internet sector by JPMorgan with 23% upside potential on advertising recovery in 2021

"We believe Twitter will show the biggest rebound [in online advertising] given its sharper pandemi…

Matthew Fox   


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US stocks fall as investors assess US-China tensions ahead of Nancy Pelosi's trip to Taiwan

Pelosi's trip to Taiwan not only dinged US stocks on Tuesday, but it dragged down the prices of Tai…

Matthew Fox   


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Google and Twitter are primed to rally as economic reopening boosts online ad spending, Bank of America says

Global ad spending will grow 22% in 2021 to $411 billion and fuel the tech giants' next rally, the …

Ben Winck