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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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPinterest's Amazon partnership will help the shopping experience, says Greycroft's Kamran AnsariKamran Ansari, Greycroft principal and venture partner, joins 'Squawk Box' to discuss social media's earnings so far, the challenges facing Pinterest after reporting better than expected Q2 results but expenses growing faster than revenue, and more.
Persons: Greycroft's Kamran Ansari Kamran Ansari
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