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Mike DeWine signed a bill Wednesday banning transgender students from using school restrooms that align with their gender identities. The bill also mandates that Ohio schools cannot have restrooms or locker rooms that are open to all genders, excluding family facilities or single-occupancy facilities. Instead, it will make trans people less safe and fail to increase the safety of all students,” Antonio wrote. Ohio House Republicans attached the legislation about restrooms to proposals regarding report card data for Ohio’s college credit program for high school students. “Extremist politicians are panicking because transgender students exist," Willingham-Jaggers said.
Persons: Mike DeWine, , , Barbara J, DeWine, ” Jocelyn Rosnick, Nickie J, Antonio, ” Antonio, Christian Virtue, David Mahan, Mahan, Melanie Willingham, Willingham, Jaggers Organizations: Gov, Republican, Ohio Gov, USA, Associated Press, American Civil Liberties Union, Democratic, Christian, Senate, Research, Social, Ohio House Republicans Locations: Alabama , Arkansas, Florida , Idaho , Iowa , Kansas , Kentucky, North Dakota , Oklahoma , Tennessee, Utah, Ohio, Columbus
Pinterest stock plunges following weak Q4 revenue guidance
  + stars: | 2024-11-07 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +1 min
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Pinterest shares plunged 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom lines with its third-quarter earnings. The midpoint of the fourth-quarter guidance, $1.135 billion, trailed analyst estimates of $1.143 billion. Pinterest said it had 537 million global monthly active users in the third quarter, topping analyst estimates of 532.6 million. Its total cost and expenses for the quarter were $904 million, up 17% compared with $768 million the previous year.
Persons: Bill Ready, Pinterest, Meta Organizations: New York Stock Exchange, Amazon, Meta Locations: LSEG
Pinterest shares tumble nearly 15% on weak guidance
  + stars: | 2024-07-30 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Pinterest said that it had 522 million global monthly active users (MAU) for the second quarter, topping analyst estimates of 520.1 million. Additionally, Pinterest reported second-quarter global average revenue per user (ARPU) of $1.64, in line with analyst estimates. However, the company's YouTube advertising sales were $8.66 billion during that period, coming in lower than analyst estimates of $8.93 billion.
Persons: Bill Ready, Pinterest, we're, Julia Brau Donnelly, Donnelly Organizations: New York Stock Exchange, Analysts, ., U.S, U.S ., YouTube, Meta Locations: New York City, U.S, LSEG, Canada, Europe
How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.
Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, , Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica
Pinterest CEO Bill Ready goes one-on-one with Jim Cramer
  + stars: | 2024-05-15 | by ( Jim Cramer | ) 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 EmailPinterest CEO Bill Ready goes one-on-one with Jim CramerPinterest CEO Bill Ready joins 'Mad Money' host Jim Cramer to talk user trends it is seeing, integrated shopping on the app, user demographics and more.
Persons: Bill Ready, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want to prove you can tune AI for positivity, says Pinterest CEO Bill ReadyPinterest CEO Bill Ready joins 'Mad Money' host Jim Cramer to talk user trends it is seeing, integrated shopping on the app, user demographics and more.
Persons: Bill Ready, Jim Cramer
"When I came into Pinterest, one of the things I set out to do was prove a business model for social media centered on positivity rather than engagement via enragement," Ready said. Like its peers, Pinterest uses AI to improve on its recommendation selections, Ready said. According to Ready, Pinterest is also different from other platforms because its users are more engaged than those in older generations. Usually, he said, social media sites attract their most engaged cohorts early on. "Not only are we aging down, our most recent cohorts are nearly twice as engaged as cohorts from the years prior," he said.
Persons: Bill Ready, CNBC's Jim Cramer, Pinterest, Ready Organizations: Wednesday Locations: Pinterest, enragement
Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021. Pinterest reported 518 global monthly active users (MAUs) for the first quarter, up 12% year over year. In its first-quarter release, Pinterest CEO Bill Ready said the company is driving greater returns for advertisers because of its investments in AI and shoppability. Meta , Snap and Google parent Alphabet all reported first-quarter results last week that exceeded analysts' estimates for revenue. For its second quarter, Pinterest expects to report revenue between $835 million and $850 million, which equates to growth of 18% to 20% year over year.
Persons: Pinterest, MAUs, StreetAccount, Bill Ready Organizations: Digital
The CNN Original Series “Space Shuttle Columbia: The Final Flight” uncovers the events that ultimately led to disaster. The tragedy killed seven astronauts as the Columbia shuttle disintegrated upon its return to Earth on February 1, 2003, due to damage the vehicle sustained during launch. Changes at NASA were necessary, according to a formal investigation about the Columbia disaster published six months after the accident. Cultural changes: ‘Safety days,’ review boards and round tablesColumbia marked the second deadly mishap for the shuttle program after the space shuttle Challenger exploded during launch in January 1986. Following the Columbia disaster, NASA grounded its remaining fleet of three shuttles as the space agency sought to parse what went wrong.
Persons: , , ” Wayne Hale, Rick D, Evelyn Husband, Bill Readdy, Bruce Weaver, Hale, ” Hale, Garrett Reisman, ” Reisman, Ilan Ramon, Reisman, , NASA didn’t, SpaceX’s, Kevin Dietsch Organizations: CNN, Shuttle Columbia, Sunday, Columbia, SpaceX, NASA, Space Shuttle Columbia, Kennedy Space Center, Getty, Endeavour, Atlantis, International Space, Elon, Boeing, Columbia —, Challenger, International Space Station, Vigilance, Locations: Russia, AFP, California, Israel, Columbia
The bills say that lab-grown meat threatens existing industries, such as cattle ranching. Ron DeSantis has expressed opposition to lab-grown meat. Some of the legislation says that lab-grown meat — also known as cultured meat — threatens states' current agricultural economies. If passed, the legislation would create a civil penalty of up to $25,000 for selling or producing lab-grown meat in Arizona. AdvertisementFor years, lab-grown meat startups have been promising meat without the need to slaughter animals.
Persons: , Ron DeSantis, it's, DeSantis, Bud Hulsey, Bill Gates, Gates, Jeff Bezos — Organizations: Service, Financial Times, Times, Business, Times ., Foods Locations: Florida, Arizona, Tennessee, San Francisco
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's still 'a lot of tailwinds' for Pinterest, says CEO Bill ReadyCNBC's Julia Boorstin talks with Bill Ready, Pinterest CEO, about quarterly results, AI initiatives, and more.
Persons: Bill Ready, Julia Boorstin
Pinterest shares plummeted in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue. Revenue : $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv. : $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv. Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG. Prior to Thursday's report, Pinterest shares were up 9.5% this year after surging 53% in 2023.
Persons: Pinterest, Bill Ready, Evan Spiegel Organizations: Revenue, Google Locations: Toronto , Ontario, Canada, LSEG, Ukraine
New mothers in the state were previously eligible for Medicaid for only two months following childbirth. Increased access to Medicaid correlates with improved pre-pregnancy health, maternal health, and infant health outcomes, according to reports published in 2020 and 2021 by the KFF, formally known as the Kaiser Family Foundation. Texas is now one of 43 states that have extended the window for postpartum healthcare coverage under Medicaid. The monetary relief Texas mothers will receive depends on their specific income level and number of dependents. And Texas has seen recent efforts to limit abortion and reproductive health care access, especially following the reversal of Roe v. Wade.
Persons: , Diana Forester, Forester, Roe, Wade Organizations: Service, Business, Centers for Disease Control, Texas, Kaiser Family Foundation, Texans Care, Children, Medicaid Locations: Texas, United States
Rumors are spreading that New York state is forcing Chick-fil-A to remain open on seven days a week. Despite what Sen. Lindsey Graham and other Republican lawmakers have suggested, New York is not forcing Chick-fil-A to open on Sundays. If the bill is passed, it could mean Chick-fil-A restaurants that wanted to open new locations at highway rest areas would have to agree to open on Sundays. AdvertisementA state highway official told PIX11 News affiliate WTEN that Chick-fil-A already has a 33-year contract with the state highway system. But proponents of the bill note that no one is forcing Chick-fil-A to open restaurants at state-run highway rest stops.
Persons: Chick, , Sen, Lindsey Graham, Truett Cathy, God, Cathy, Tony Simone, Graham Organizations: Service, New, Publicly, Democratic, Associated Press, PIX11 News Locations: New York, York, Manhattan
Watch CNBC's full interview with Pinterest CEO Bill Ready
  + stars: | 2023-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Pinterest CEO Bill ReadyPinterest CEO Bill Ready joins 'Squawk on the Street' to discuss the key factors that accelerated revenue growth faster than anticipated, the company's guidance for Q4, and more.
Persons: Bill Ready
CNBC's Jim Cramer said Tuesday he believes in Pinterest 's (PINS) reinvention plan, pointing to the social media platform's strong third-quarter earnings report as evidence. "This is now going to be – along with [Instagram parent] Meta – a destination for you to advertise at," Cramer said. Pinterest's recent ad partnership with Amazon (AMZN) — which also is owned by Cramer's Trust — is "very smart," Cramer said. On Pinterest's earnings call Monday, Ready said the company is pleased with the Amazon partnership, which was announced in late April. He reiterated that Pinterest expects the "most meaningful" revenue impact to show up starting in early 2024.
Persons: CNBC's Jim Cramer, Pinterest, Bill Ready, Cramer, Jim Cramer's, Ready Organizations: Meta, Trust, CNBC, Club, Facebook, Amazon, Cramer's Trust
Pinterest stock rose more than 18% Tuesday after beating earnings estimates for the third quarter and assuaging concerns over potential ad revenue loss due to the Israel-Hamas war. The company posted an adjusted earnings per share of 28 cents, beating the LSEG estimate of 20 cents. Pinterest also soundly beat revenue expectations, reporting $763.2 million, versus analysts' estimates of $743.5 million. For much of earnings season, the market has been skittish toward companies reliant on ad revenue due to the unclear future effects of the Israel-Hamas war. Pinterest's mobile deep linking ad product was also a highlight, due to its more than 200% increase in the conversion rate, wrote the Barclays analysts.
Persons: Pinterest, Susan Li, Bill Ready, Gen, Morgan Stanley, Jonathan Vanian Organizations: Meta, Barclays, Citi, Pinterest, Shop, CNBC Locations: Israel
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 30 (Reuters) - Pinterest (PINS.N) beat third-quarter revenue estimates on Monday, as a stabilizing digital advertising market helped draw marketers to the image-sharing platform ahead of the holiday season. Brokerages including Bernstein have been optimistic about the benefits from the partnership, saying it could drive up Pinterest's fourth-quarter revenue. The San-Francisco, California-based company's revenue rose 11% to $763.2 million for the quarter ended Sept. 30, compared with Wall Street estimates of $743.5 million, according to LSEG data. Global monthly active users (MAUs) on the image-sharing platform rose 8% to 482 million.
Persons: Dado Ruvic, Bernstein, Bill Ready, Jaspreet Singh, Shailesh Organizations: REUTERS, Global, Magna, Thomson Locations: San, Francisco , California, Bengaluru
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Pinterest reported third-quarter earnings on Monday that beat on the top and bottom lines. Here's how the company did:Revenue : $763.2 million vs. $743.5 million expected, according to LSEG, formerly known as Refinitiv. : $763.2 million vs. $743.5 million expected, according to LSEG, formerly known as Refinitiv. For the fourth quarter, Pinterest said it expects revenue growth of 11% to 13%.
Persons: Pinterest, Bill Ready, Susan Li, wouldn't, Brad Gerstner Organizations: New York Stock Exchange, Meta, Company Locations: Israel
Analyst Mohammed Khallouf initiated coverage of the social media platform with a buy rating and a price target of $32.10. That target indicates that Khallouf thinks shares can rise 23.2% from Monday's close. Overall revenue also rose on an annualized basis in the first half of 2023, which Khallouf said was especially notable given smaller social media platforms struggled in the period. Pinterest's recent agreement to use Amazon for third-party advertisements should also improve monetization for the company, Khallouf noted. Shares rose marginally before the bell on Tuesday following the call.
Persons: Mohammed Khallouf, Khallouf, Bill Ready, Pinterest, — CNBC's Michael Bloom Organizations: HSBC Locations: Monday's
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
The widely followed analyst named the social media stock his favorite name within the firm's internet small/mid-caps universe. Mahaney pointed to the company's partnership with Amazon as a potential driver of advertising growth, and said Pinterest also had opportunities to further monetize its platform. "It appears that the Amazon partnership is progressing faster than expected, and we believe this can bring materially incremental advertiser demand to the Pinterest platform," Mahaney said. "Unlike some other Online Advertisers whose tools are communication-based or consumption-based, we believe Pinterest's primary use cases (inspiration, discovery, action) may face relatively less competition," Mahaney said. Pinterest stock has climbed 10% in 2023.
Persons: Evercore, Mark Mahaney, Mahaney, Pinterest, Bill Ready's, Bill Ready, Michael Bloom Organizations: Amazon
Here are Thursday's biggest calls on Wall Street: Citi reiterates Nvidia as buy Citi said it's bullish heading into Nvidia earnings next week. Citi reiterates Apple as buy Citi said it's bullish heading into the company's iPhone 15 launch. Oppenheimer reiterates Nvidia as outperform Oppenheimer said it's bullish on shares of Nvidia heading into earnings next week. Bank of America reiterates TJX Companies as buy Bank of America said the stock is "well positioned for continued market share gains." Bank of America reiterates Wells Fargo as buy Bank of America said Wells Fargo has one of the most attractive risk/rewards of the big banks.
Persons: it's, Charles Schwab, Jefferies, KeyBanc, Key, Oppenheimer, Rosenblatt, Evercore, Bill Ready, Meta, SoFi, Wells, Wells Fargo Organizations: Citi, Nvidia, NVIDIA, JPMorgan, Deutsche Bank, Deutsche, Novartis, Amgen, Apple, Arista, Networking, BMO, Green, Bank of America, Adobe, of America Adobe, TJX Companies, Enphase Energy Locations: Mexico, Sunrun
Pinterest CEO Bill Ready told CNBC's Jim Cramer its Tuesday earnings report showed that the company is seeing significant user growth, especially among its Generaton Z users. "Most noteworthy, it was our best user growth quarter in more than two years," Ready said. "Gen Z is our fastest-growing cohort, and they're engaging more deeply than prior cohorts." According to Ready, Pinterest is unique compared to other social media sites because most users come to the platform with clear commercial intent. "More than half of the users on Pinterest say they're there to shop, but the actionability on Pinterest was low," Ready said.
Persons: Bill Ready, CNBC's Jim Cramer, Pinterest Organizations: Pinterest Locations: Pinterest
Pinterest expenses skyrocket during the second quarter
  + stars: | 2023-08-01 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +2 min
Pinterest shares sank about 4% after the company's second-quarter earnings report revealed expenses grew faster than revenue. Revenue : $708 million vs. $696 million expected, according to Refinitiv. : $708 million vs. $696 million expected, according to Refinitiv. Sales in the company's second quarter jumped 6% year over year, while net losses narrowed by 19% to $35 million, or 5 cents per share, from $43.1 million, or 7 cents per share, a year earlier. Pinterest said its total costs and expenses were $781 million during the second quarter, an 11% increase from the $700 million it recorded the previous year during the same period.
Persons: Pinterest, Bill Ready, we've, Meta Organizations: New York Stock Exchange, Facebook, Meta
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