A coroner has issued recommendations including separate social media platforms for adults and children, following an inquest into the death of a London schoolgirl. Molly Russell, a 14-year-old girl from Harrow, northwest London, who her father said showed no obvious signs of mental illness, took her own life on Nov. 21, 2017. She had viewed…
UK Coroner Urges Separate Platforms for Adults and Kids After Ruling Online Content Contributed to Death of Teen
October 14, 2022
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KeyBanc Endorses Pinterest, Disney’s CEO Transition: Key Takeaways
KeyBanc hailed the CEO successions in two significant companies citing different reasons. Pinterest, Inc announced that Co-founder and CEO Ben Silbermann would transition from his current role to the newly created Executive Chair position. Incoming CEO Bill Ready served as President of Commerce, Payments, and Next Billion Users at Alphabet Inc Google. Previously, Ready served as COO at PayPal Holdings, Inc….
Court Supports Lawsuit Against Pinterest for Depriving Compensation
A U.S. judge upheld a lawsuit filed by Christine Martinez against Pinterest Inc. in September, Bloomberg reports. Pinterest co-founders Ben Silbermann and Paul Sciarra allegedly deprived Martinez of compensation for her critical ideas regarding the platform. The court denied Pinterest’s motion to dismiss the suit. However, it eliminated co-founder Sciarra as a defendant because he left Pinterest a…
Is the Bottom in for Pinterest Stock? Here’s a Technical Perspective
Pinterest Inc was trading about 3.6 percent higher on Thursday in an uptrend counter-rally to the long-term downtrend the stock has been trading in since Oct. 20, 2021. Short-term bullish cycles take place within all long-term bearish cycles and although Pinterest looks set to trade higher over the coming days at least, the stock has a…
Here’s How Benchmark Views Twitter, Pinterest, Snap
Benchmark analyst Mark Zgutowicz initiated coverage of multiple social media stocks. Zgutowicz initiated coverage of Twitter Inc. with a Hold rating and no price target. He views Twitter as providing high utility to a niche user base. Still, he sees limited ability to scale beyond an otherwise event-driven branding platform and does not believe Twitter will ever achieve…
Analysts Cut Pinterest Price Target Post Q4 Results
Analysts mainly slashed their price targets on Pinterest Inc. post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7 percent upside) and kept a Neutral rating on the shares. While the company reported better than expected revenue and adjusted EBITDA, users are “still under pressure,” said Post, who called Q4 “a mixed quarter.”…
Analysts Remain Divided on Pinterest; Stock Falls
Analysts had different takes on Pinterest Inc. today. Wolfe Research analyst Deepak Mathivanan initiated coverage of Pinterest with a Peer Perform and $45 price target, implying a 36.9 percent upside. Mathivanan believes in the current product transition and thinks Pinterest has significant monetization upside over the longer term. Mathivanan thinks ongoing product iterations are likely to weigh on revenue…
PayPal Says It Is Not Pursuing Pinterest Acquisition
October 25, 2021
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PayPal Inc. is not pursuing an acquisition of Pinterest Inc. at this time, the payments company said late on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion. PayPal shares rose 6.2 percent to $255.20 in premarket trading on Monday, while those…
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