Pinterest forecasts downbeat revenue as it battles for digital ad dollars; shares plunge
Feb 12 : Pinterest forecast first-quarter revenue below estimates on Thursday, underscoring the image-sharing platform's ongoing struggle to compete for advertising dollars against deep-pocketed platforms, sending its shares down 12 per cent in extended trading. Social media giants like TikTok and Meta's Instagram and Facebook continue to take a larger chunk of the market as their massive user bases and advanced artificial intelligence tools for ad creation keep luring advertisers. The forecast
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