💨 Abstract

Pinterest's Q4 revenue forecast fell short of investor expectations for the holiday season, causing a 12% drop in share price. The company announced a new $2 billion stock buyback program and canceled an existing one. Despite launching a new AI-powered advertising suite, Pinterest is experiencing softness in the food and beverage sector. Global monthly active users increased by 11% to 537 million, meeting estimates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖