{"id":2172149,"date":"2024-02-09T10:32:02","date_gmt":"2024-02-09T15:32:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pinterest-slides-as-smaller-players-battle-for-share-of-ad-market\/"},"modified":"2024-02-09T10:34:43","modified_gmt":"2024-02-09T15:34:43","slug":"pinterest-slides-as-smaller-players-battle-for-share-of-ad-market","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pinterest-slides-as-smaller-players-battle-for-share-of-ad-market\/","title":{"rendered":"Pinterest loses ground as smaller competitors fight for ad market share"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpinterest-slides-as-smaller-players-battle-for-share-of-ad-market%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2172149&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>February 9, \u200b2024 \u2013 6:47 AM PST<\/strong><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pinterest \u2064app is seen on a\u2063 smartphone in this illustration taken, July 13, 2021. REUTERS\/Dado Ruvic\/Illustration<\/figcaption><\/figure>\n<p><strong>Pinterest (PINS.N) dropped over 10% on Friday<\/strong> after its first-quarter \u2063revenue forecast came in a touch\u200b below investor expectations, in a sign that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/facebook-ceo-calls-for-regulations-that-would-stifle-competitors\/\" title=\"Facebook CEO Calls for Regulations That Would Stifle Competitors\">smaller social media platforms<\/a> could \u200bbe losing the\u200b battle to bigger players \u200cfor ad \u2064dollars.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The image sharing platform\u2019s numbers come on the heels of strong advertising sales from <strong>Meta (META.O) and Alphabet\u2019s (GOOGL.O) Google<\/strong>, which\u2063 have a greater ability to seize on the ad bounceback and the willingness\u2063 of companies to spend more.<\/p>\n<p>\u201cWhen advertisers are thinking \u2062hard about where to put their money, they\u2019re looking to\u2064 make the biggest bang for their buck\u2064 and at the moment\u200b that\u2019s with huge\u200b players like Meta and Alphabet which does\u200b leave smaller players like Snap and Pinterest fighting over what\u2019s left,\u201d said Danni Hewson, head of financial analysis\u2064 at AJ \u200cBell.<\/p>\n<p>Revenues of\u200c other ad-reliant companies\u2062 like Snap (SNAP.N), New York \u2062Times (NYT.N) and Fox (FOXA.O) were \u200balso\u200d hit during the October-to-December quarter, owing to a\u200d slowdown in \u2064advertising sales.<\/p>\n<p><strong>Pinterest was on track to lose roughly $3 billion\u2062 of its market value on Friday<\/strong>,\u2062 based on its share price of $36.49. The stock is set for its sharpest one<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-retreats-as-rate-hike-concerns-persist\/\" title=\"Wall Street retreats as rate hike concerns persist\">-day percentage decline<\/a> since April 28, 2023, if losses sustain through the session.<\/p>\n<p>The\u200d company that has seen growing popularity \u2064with Gen \u2062Z, \u200cwhich is \u200bmore than 40% of its user base, said it\u200d saw strong advertising spend from China and retailers, that was\u200d partially offset by weakness from the food and beverage \u200bcategory.<\/p>\n<p>Revenue of $981.3\u2064 million in the \u2064holiday quarter and\u200c first-quarter \u200brevenue forecast in the\u200c range of $690 million \u2062to $705 million, \u200cwas below estimates, per LSEG \u2063data.<\/p>\n<p>\u201cThe tech \u200bgiants Meta and Amazon have set a high bar when it comes to revenues. So, even though Pinterest \u200ceked out\u2063 double-digit growth, the slight miss on forecast was punished,\u201d said Susannah\u2063 Streeter, head of money and markets at Hargreaves Lansdown.<\/p>\n<p>Wall \u2064Street remained positive on the quarterly results with at least\u200d 19 analysts raising their\u2063 price \u2063targets on the Pinterest stock, boosting the median to $43.15.<\/p>\n<p>Pinterest trades at 29.15 times \u200dits \u200d12-month forward \u200cearnings \u200destimates,\u2064 versus social\u2063 media rival Snap\u2019s\u200b 53.02 and \u2064Meta\u2019s 23.06.<\/p>\n<p><sup>Reporting\u2064 by Samrhitha Arunasalam in Bengaluru; Additional reporting by Medha\u200c Singh; Editing by Shailesh \u200dKuber<\/sup><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t<strong>Share this post!<\/strong>\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>President Joe \u2063Biden faces a barrage of reporter questions about his memory, and abilities \u2062to handle being Commander in\u2063 Chief.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>The Special Counsel report draws \u206225th Amendment concerns, the Supreme Court hears Trump\u2019s Colorado ballot case and Imran Khan leads the Pakistan Election from \u200cprison.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>House \u200bMinority Leader Hakeem Jeffries criticizes Republicans on\u200b the border \u2064bill \u200band efforts to impeach Alejandro Mayorkas.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Texas Senator Ted Cruz says that Joe Biden\u2019s ban on new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pollster-john-zogby-warns-against-a-biden-war-people-have-said-they-dont-want\/\" title=\"Pollster John Zogby cautions against a Biden war that the majority opposes\">natural gas export projects<\/a> is \u2062a \u201chuge middle finger\u201d to Texas for attempting to close its border\u2062 to illegal\u200c immigration.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Nvidia\u2064 is \u200cbuilding a \u2062new business unit focused\u2062 on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-nvidia-chases-30-billion-custom-chip-market-with-new-unit-sources\/\" title=\"Nvidia targets B custom chip market with new unit - sources\">designing bespoke chips<\/a> for cloud computing firms and others.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Pinterest dropped over 10% in a sign that\u2063 smaller social media platforms could be losing the battle to bigger players for ad dollars.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Google says\u2063 consumers can pay for\u2062 better reasoning capabilities as it vies\u200c with \u2064Microsoft to win subscriptions.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Apple is building prototypes of at least\u200b two iPhones that fold widthwise like a clamshell.<\/h2>\n<\/p><\/div>\n<p> \u200crnrn <br \/> PST<\/p>\n<h2> How does the implementation of PST impact the purchasing power of consumers in a province?<\/h2>\n<p><span>  The implementation of \u200dPST (Provincial\u200c Sales Tax) can impact \u200cthe purchasing power of consumers in a province in several ways.\u200d Here are a few possible ways in which it can \u200chave an effect:<\/p>\n<p>1. Increased prices: When PST is implemented, it\u2064 is\u200d usually applied to the sale of goods and services. This\u2063 means that the prices of \u200bgoods and services will increase, as the tax\u200c is passed \u200don to consumers. \u2064With higher prices, consumers\u2062 might be able to\u2063 purchase fewer \u200dgoods \u2063and services for the same amount of money, reducing their purchasing power.<\/p>\n<p>2. Shift in consumption\u2063 patterns: Higher prices due to PST can \u200clead consumers to adjust \u2064their consumption patterns. They may \u200cchoose to spend less on non-essential items or luxury goods and focus more on essential goods \u200cor\u2063 items exempt \u200bfrom the tax. This\u200d shift in spending can affect their overall purchasing power.<\/p>\n<p>3. Influence on demand: The\u200b implementation of\u2064 PST\u200c can impact\u200d the demand for goods and\u200c services. Higher\u200b prices may\u200b lead to a\u200b decrease in demand for certain products, especially those with elastic demand. As a result, businesses may be affected, leading to potential job losses or reduced income for\u2062 individuals, which can further impact their purchasing power.<\/p>\n<p>4. Economic growth: If the implementation \u200cof PST leads to decreased consumer spending, it \u200ccan have a negative impact on the overall economy. Reduced consumer spending can lead to\u200c a decrease in business revenues, profitability, and\u200c investment. This \u200dcan result in slower economic growth, which can ultimately affect \u2062the purchasing power of consumers.<\/p>\n<p>Overall, the implementation of PST can have both direct and indirect \u200deffects on the purchasing power \u2063of consumers in a province, depending on factors such as\u2063 price increases, consumption patterns, demand, \u2062and overall economic growth.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pinterest&#8217;s stock plummeted by more than 10% as its Q1 revenue projection fell slightly short of investor predictions. This suggests that smaller social media platforms may be struggling to compete<\/p>\n","protected":false},"author":1911,"featured_media":2172150,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/MJK67AVYXRLRTJ7NBOXJW572U4.webp","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2172149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/MJK67AVYXRLRTJ7NBOXJW572U4.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2172149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2172149"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2172149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2172150"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2172149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2172149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2172149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}