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Search resuls for: "Bill Ready"


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☆ AI like ChatGPT amplifies 'darkest aspects of human nature,' Pinterest CEO warns
  + stars: | 2023-02-22 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Pinterest CEO Bill Ready warned that emerging AI tech could accelerate the negative impact of social media on mental health. During an interview with "Good Morning America," the CEO said that AI amplifies the "darkest aspects of human nature." The Pinterest CEO made the comments during a recent interview with "Good Morning America." "Interestingly, the discussion has been that this is just human nature — the social media platforms are just reflecting human nature — but in reality AI has been amplifying the darkest aspects of human nature," he said. Ready is far from the first executive to sound the alarm on emerging AI technology.
☆ We're performing quite well, says Pinterest CEO Bill Ready, after earnings
  + stars: | 2023-02-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're performing quite well, says Pinterest CEO Bill Ready, after earningsCNBC's Julia Boorstin talks to Pinterest CEO Bill Ready about the company's earnings report and the guidance that's currently weighing on the stock.
☆ Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast
  + stars: | 2023-02-06 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +3 min
Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter. Pinterest recorded net income of $17 million in the fourth quarter, but logged a net loss of $96 million for 2022. Its average revenue per user, or ARPU, for the U.S. and Canada region rose 6% in the fourth quarter to $7.60 from a year ago. Additionally, revenue in Alphabet's YouTube unit sank 8% year-over-year to $7.96 billion in the fourth quarter. Snap said its sales in the fourth quarter was slightly up year-over-year to $1.30 billion, which missed analyst expectations of $1.31 billion.
☆ Pinterest reaches deal with activist Elliott; Steinberg to join board
  + stars: | 2022-12-06 | by ( ) www.reuters.com   time to read: +1 min
NEW YORK, Dec 6 (Reuters) - Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing partner at Elliott, and others at the firm bring. Pinterest's stock climbed 2.5% in after hours trading on the news that Elliott, one of the company's biggest investors, was joining the board. Elliott, one of the world's busiest activist investing firms, has extensive experience in the tech and social media sector as Cohn held board seats at Twitter and eBay (EBAY.O) and worked closely with Steinberg on those investments.
☆ Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023
  + stars: | 2022-11-17 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
A few stocks that were unloved this year look set to turn the page heading into 2023, according to Wolfe Research. Wolfe Research searched for unloved names with buy ratings from less than 40% of analysts covering them. According to Wolfe Research, Carnival is expected to accelerate earnings by 647%. Pinterest has low short interest, just 5.5%, according to Wolfe Research. Regardless, the airline company has a high 2Q22 earnings quality score of 96, and it's forecasted to accelerate earnings by 17%, according to Wolfe Research.
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