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Pinterest shares rose as much as 5% and closed up 3% on Tuesday after company executives said they expect year-over-year revenue growth to accelerate following a slowdown in 2022 and 2023. Revenue growth was under 9% last year and analysts are projecting expansion of about 8% this year. In April, Pinterest announced an advertising partnership with Amazon . Pinterest stock is up 8% this year, trailing the Nasdaq's nearly 31% gain. WATCH: Pinterest's Amazon partnership will help the shopping experience, says venture capitalist Kamran Ansari
Persons: Pinterest, Ben Silbermann, Pinterest's, Bill Ready, Martha Welsh, Julia Donnelly, Donnelly, Kamran Ansari Organizations: New York Stock Exchange, Google, Amazon
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.
He gave a lecture at Stanford in 2014 explaining what it takes to build a successful startup. Aspiring founders today still find his advice on things like coming up with great ideas relevant. The best ideas are often the ones that seem like bad ideasAltman also told aspiring founders that good startup ideas are often considered seem like bad ideas for a while. "Most die because they themselves fail to make something users love; they spend their time on other things." Once you've gained those users, Altman said, it's important to listen to them and learn everything you can about them.
Working for a major tech company or consulting firm can be a launching pad for your startup. An analysis of LinkedIn data identified the US companies that produced the most founders. The small-business-lending platform OnDeck analyzed 228,000 LinkedIn career histories to identify which US companies produced the most founders in former employees. Meanwhile, tech companies are the second-highest generator of founders. Here are the top 10 companies that have produced the most founders.
Feared activist investor Elliott Management now has a multibillion-dollar position in Salesforce. This is the company's second activist investor after Starboard Value disclosed a significant stake in October. Elliott Management — the world's most feared activist investor — now has a multibillion-dollar position in Salesforce, according to a person with direct knowledge of the matter, and some employees worry Elliott's attention could lead to further layoffs. Elliott is Salesforce's second activist investor after Starboard Value disclosed a significant stake in Salesforce in October. Activist investor firms such as Elliott "are tough," another said.
CNN —Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. She emerged as a passionate advocate for tech workers by seeking legal protections for whistleblowers. “So many people reached out when I told my story, and most of them were tech workers or workers within the tech industry,” she said. The 30-year-old mentors activists and other people fighting all over the world against workplace discrimination. After leaving Pinterest, Ozoma moved to a farm near Santa Fe, New Mexico, where she grows her own vegetables and raises a flock of chickens nicknamed the Golden Girls.
CNN —Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. She emerged as a passionate advocate for tech workers by seeking legal protections for whistleblowers. “So many people reached out when I told my story, and most of them were tech workers or workers within the tech industry,” she said. The 30-year-old mentors activists and other people fighting all over the world against workplace discrimination. After leaving Pinterest, Ozoma moved to a farm near Santa Fe, New Mexico, where she grows her own vegetables and raises a flock of chickens nicknamed the Golden Girls.
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