Google’s Nick Fox to lead commerce business following Ready’s departure

Nick Fox, Vice President of Product and Design for Search and Assistant. Longtime Google exec Nick Fox take over the company’s commerce and payments business in the interim. Fox’s appointment comes a day after the former head, Bill Ready, announced he is taking over the helm of Pinterest, replacing longtime CEO and founder Ben Silbermann. … Read more

Stocks like Coinbase & Pinterest are buys in a recession

Anxious investors should bolster their portfolios with stocks that have the best chance to weather the market volatility and represent good long-term buying opportunities, analysts said this week. These companies have certain characteristics that Wall Street analysts believe will allow them to come out on the other side of the turbulence. CNBC Pro combed through … Read more

Netflix, Snap, Tesla, Home Depot, GameStop

Here are Thursday’s biggest calls on Wall Street: Piper Sandler downgrades Pinterest and Snap to neutral from overweight Piper downgraded Pinterest and Snap due to slowing digital ad growth. “After a strong two-year stretch, digital ad spend looks to be normalizing. Group multiples have declined and are ~ 40% off recent highs, but history suggests … Read more

Snap warning shocks digital media stocks; Facebook, Pinterest drop

Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were … Read more

Snap plunges after CEO warns company will miss on earnings, revenue

Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter. The social media company will also slow hiring through the end of the year as it looks to manage … Read more

Meta, Qualcomm, Ford, PayPal and more

Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines after the bell: Meta Platforms – Meta Platforms’ stock surged more than 17% in extended trading after reporting a beat on … Read more

Pinterest (PINS) earnings: Q1 2022

Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest soared in after-hours trading Wednesday after the social media company reported first quarter 2022 earnings that beat analyst expectations. The stock was up as much 11%. Here’s how Pinterest did versus Refinitiv … Read more

Snap stock up more than 58% after strong Q4 earnings report

CEO of Snap Inc. Evan Spiegel goes to a morning session at the Allen & Company Sun Valley Conference on July 7, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap shares rose up to 58.2% on Friday after the company reported its first-ever quarterly net profit ever, showing that it sees faster-than-expected … Read more

Technology companies recognize that rejecting teleworking can cost them talent

Amazon Headquarters is virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees at its Seattle office work from home, leaving much of the center almost empty of people. John Moore | Getty Images Several companies recognize that competitors with more flexible work arrangements can … Read more

Amazon, Snap, Ford, Clorox and more

The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines in midday trading. Amazon – Shares of Amazon popped more than 14% following a stellar quarterly report. The company said its investment in electric vehicle company Rivian gained almost $ 12 … Read more