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☆ 4 side hustles you can do with no experience: Make as much as $1,000/month in passive income
▼ + stars: | 2023-09-07 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Nearly two fifths of Americans, 39% have a side hustle, according to an April 2023 Bankrate survey of 2,505 U.S. adults. Here are four side hustles you can do with no experience. Find house sitting gigs on sites like Rover, TrusterHousesitters and Care.com or offer your services in local groups on sites like Facebook and Nextdoor. "They wanted me to do a video survey," she says. Try signing up to take surveys and do focus groups on sites like Mindswarms, Find Focus Groups, Respondent or Fieldwork.

Persons: Latasha Peterson, Peterson, Julie Berninger Organizations: Facebook, PayPal Locations: ShareASale

☆ The cofounder of Fanhouse explains why she resigned from the startup and what she would have done differently if she started it today — including not raising VC funding
▼ + stars: | 2023-09-06 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

Creator Rosie Nguyen started Fanhouse in 2020 with two other cofounders. Nguyen explains what she would do differently as a founder if she were building the startup today. Nguyen launched Fanhouse in 2020 as a subscription platform for creators to monetize, share exclusive behind-the-scenes content, and connect with top fans. The added investments helped Fanhouse in many ways, like hiring more staff and paying creators more money through the platform. She'd also tap into equity crowdfunding like creator startup Gumroad did.

Persons: Rosie Nguyen, Fanhouse, Nguyen, Lucy Guo, @jasminericegirl, Khoi Le, Jerry Meng, VCs, Jeff Morris Jr, Andreessen Horowitz, She'd, she'd, Le, Meng, shouldn't Organizations: Twitter, Investors, didn't Locations: American, Los Angeles, Fanhouse, VCs

☆ Here's our second-quarter earnings report card for 34 stocks in the portfolio
▼ + stars: | 2023-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

Eli Lilly not only reported a stellar second quarter, management was able to raise its full-year sales and adjusted earnings outlook as well. Though revenues were a tad short, earnings results were better than expected on a both a HAAP and adjusted basis. Constellation Brands' (STZ) sales and earnings results outpaced expectations. DuPont (DD) reported a good quarter prior to us initiating a position in the name. But the slight comparable-sales miss in North America prompted questions about the company's ability to hit its long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth.

Persons: That's, Eli Lilly, Mounjaro, Morgan Stanley, Stanley Black, Decker, it's, Wells Fargo, Sartorius, Estee Lauder, We're, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Procter, Gamble, TJX, Federal Reserve, Club, Costco, Emerson Electric, Humana, Oracle, Alto Networks, billings, Companies, Wynn Resorts, WYNN, North, Broadcom, Constellation Brands, DuPont, Ford, GE Healthcare Technologies, Linde, LIN, Microsoft, Natural Resources, Procter & Gamble, —, Health, Coterra Energy, Disney, Starbucks, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Macau, North American, DuPont's, India, North America, Los Angeles , California

☆ How is Italy solving an invasion of blue crabs? With sauteed garlic and a squeeze of lemon
▼ + stars: | 2023-09-04 | by ( ) edition.cnn.com time to read: +6 min

Agricultural industry group FedagriPesca estimates that more than half the nation’s clams and mussels were eaten by the blue crab this summer. Culinary solutionA fisherman harvests blue crabs in the lagoon of Scardovari, south of Venice, Italy, on August 11, 2023. Italian farmers’ group Coldiretti suggests serving the blue crab with rosemary in a salad, or with sauteed garlic over spaghetti. Blue crab is fast becoming a feature item at restaurants across the country, primarily as a spaghetti sauce with fresh tomatoes. Lionello Cera, who runs the two-Michelin-starred Antica Osteria Cera di Campagna Lupia, says he has tried it in various dishes, but will not be putting blue crab on his menu anytime soon.

Persons: Rome, ”, Piero Cruciatti, “, They’ve, ” Enridca Franchi, Coldiretti, Giorgia Meloni, Francesco Lollobrigida, Lollobrigida, ” Gabriella Gibin, Gibin, Lionello Cera, Antica Osteria Cera, Campagna Lupia, fishmonger Organizations: Rome CNN, Getty, UNESCO, University of Siena, CNN Locations: Adriatic, Italy, Scardovari, Venice, AFP, Po Delta, Tuscany, United States, Asia, Rovigo, Roman, Testaccio

☆ Citi says this networking equipment stock is an early AI play that can jump nearly 20%
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Arista Networks could be an early way to get into artificial intelligence, according to Citi. Analyst Atif Malik upgraded the networking equipment stock to buy from neutral and raised his price target to $220 from $177. He also said AI can create a business opportunity between $2 billion and $5 billion over the next three to five years. Malik said Arista's investor day in November could be a positive catalyst for the stock. ANET YTD mountain Arista Networks, year to date — CNBC's Michael Bloom contributed to this report

Persons: Atif Malik, Malik, hyperscaler capex, Michael Bloom Organizations: Arista Networks, Citi, Arista, Nvidia, Microsoft, Meta

☆ A VC firm has built an AI-powered pitch deck generator for startup founders — and is giving it away for free
▼ + stars: | 2023-08-31 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Growth Warrior Capital is launching a new tool Elevo, an AI-powered pitch deck generator. For Phelon as an investor, the sheer amount of pitch decks that she was sorting through began to become overwhelming. Elevo will then generate a pitch deck for them with the key details that VCs are looking for. Elevo's interface allows founders to input details about their startup and generate a short pitch deck. Growth Warrior CapitalThe designs are typically simple and the slide numbers are short, but that's oftentimes what investors who see dozens of decks a week prefer.

Persons: Phelon, Ashley Pilipiszyn, TapInfluence, Lizzie Widhelm, Elevo's waitlist, Elevo, I'm Organizations: Morning, OpenAI, Growth

☆ 28-year-old's side hustle makes up to $113,500 per year—and it only costs $50 to start
▼ + stars: | 2023-08-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

It was 2017 and Osborne realized he could get paid to advise high school seniors on their college admissions essays. He went back to that mentor for help getting the side hustle off the ground. The upside: The side hustle costs almost nothing to start, he says. Here, Osborne details how he started and maintains his six-figure side hustle:CNBC Make It: Do you think your side hustle is replicable? How do you help students improve their essays without making it yours?

Persons: they've, Carter Osborne, Osborne, There's, you've, who's, I'm, I'd, Warren Buffett Organizations: CNBC, Stanford University Locations: Seattle , Washington

☆ Netflix pioneered the industry model of 100% ownership, and Hollywood followed, but now buyers like Amazon and Warner Bros. Discovery are backing away from it
▼ + stars: | 2023-08-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Netflix popularized the model of owning shows outright, but now streamers are reconsidering licensing. But now those walls are beginning to come down at competitors like Amazon, Apple, and Warner Bros. Under the cost-plus model championed by Netflix, the streamer paid more for shows upfront than legacy TV platforms had traditionally paid. But as part of those rich deals, Netflix retained future licensing rights, depriving producers of windowing opportunities — i.e., syndication or foreign distribution rights — that could fund future projects. Now, with Hollywood entering a new phase of penny-pinching , the entertainment giants are easing up on exclusive ownership of content.

Persons: WBD, Bob Iger, Sean Furst, they're, Furst, There's, we'll Organizations: Netflix, Producers, Apple, Warner Bros, Hollywood, Disney, Discovery

☆ A dramatic day in prospect Monday as Trump cases enter new phase
▼ + stars: | 2023-08-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Almost as soon as Trump left Atlanta after surrendering at the Fulton County jail Thursday, his team began to monetize his mug shot. Meadows to provide first major test of Georgia caseThe hearing in Georgia that could yield major revelations does not involve Trump directly, but rather Meadows. Meadows and Trump are among 19 co-defendants in a vast racketeering case built by Willis. Extensive pre-trial litigation in the Georgia case could also end up frustrating attempts by Willis, who initially sought a March 2024 trial date, to bring the case before the 2024 election. Trump’s attorneys are also arguing that Smith’s proposed timeline for the trial would conflict with other criminal and civil cases in which the former president is embroiled.

Persons: Donald Trump, Fani Willis, Mark Meadows, George Conway, Meadows, Tanya Chutkan, Jack Smith, Trump’s, Joe Biden, Smith, Trump, Biden, –, Willis ., Brad Raffensperger, Willis, Chris Christie, “, ” Christie, Jamie Raskin, ” Raskin, CNN’s Dana, ”, Raskin, Chutkan, Smith’s Organizations: CNN, Republican, Trump, White House, Atlanta, Biden, Former New Jersey Gov, GOP, CBS, Trump . Maryland Democratic, Capitol, Democratic, Union, Trump’s Locations: Georgia, Washington, Fulton County, Meadows, Trump, Iowa, United, Willis, Willis . Georgia, “ State, Florida, Manhattan

☆ Google to begin selling maps data to companies building solar products, hopes to generate $100 million in first year
▼ + stars: | 2023-08-28 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Among the new offerings will be a Solar API, which could be used by solar installers like SunRun and Tesla Energy and solar design companies like Aurora Solar, according to a list of example customers viewed by CNBC. Some of the data from the Solar API will come from a consumer-focused pilot called Project Sunroof, a solar savings calculator that originally launched in 2015. It also offers 3D modeling of the roofs of buildings and nearby trees based on Google Maps data. At the time, Morgan Stanley had estimated Google Maps would earn $11.1 billion by this year as new travel products and promoted pins began to increase ad revenue. In June, CNBC found the company was laying off employees at traffic-reporting app Waze, which it acquired in 2013, and combining it with the Google Maps team.

Persons: There's, it's, Morgan Stanley, Brian Nowak Organizations: CNBC, Tesla Energy, Google, Marriott, Amazon, Microsoft

☆ Tupperware preserves lessons for Mark Zuckerberg
▼ + stars: | 2023-08-25 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

REUTERS/Mike Blake (UNITED STATES - Tags: BUSINESS) Acquire Licensing RightsNEW YORK, Aug 25 (Reuters Breakingviews) - Tupperware Brands (TUP.N) is struggling to stop the rot. As much as technology has remade business strategies over the past 77 years, Facebook owner Meta Platforms (META.O) leans on a comparable one. Enter Brownie Wise, the saleswoman credited with pioneering the “Tupperware effect” of teaching women how to flog to their friends by hosting themed gatherings in their living rooms. Ironically enough, in the interim Tupperware also become the product of another modern network effect, a meme stock, or a highly speculative online investment. Tupperware has about a quarter of the active salesforce it did at the end of 2012, the same year Facebook bought Instagram.

Persons: Mike Blake, UNITED, –, Earl Tupper, Tupperware, Brownie Wise, Tammy Hembrow, June Cleaver, influencers, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Safeway Inc, Reuters, Tupperware, Meta, Pew Research, Facebook, Brands, Thomson Locations: Encinitas , California, Vons, Australian, Tupperware’s

☆ Triller has pitched its app as a TikTok replacement, but says it won't try to generate revenue directly from its namesake product
▼ + stars: | 2023-08-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Triller said it won't try to generate revenue directly in the short-video app it was named after. The company does not perceive the Triller app as core to how it makes money, Green told Insider. Triller will therefore book costs tied to the Triller app as sales, marketing, general, or administrative expenses rather than as a cost of revenue, it wrote in its securities filing. These costs could include paying talent and influencers to drive adoption of the Triller app, or paying to license music for the app as a brand-building tool, it wrote. In 2022, Triller said it grew overall revenue by roughly 80% year over year to $47.7 million.

Persons: Triller, Julius, Michael Green, Trump, Trump's TikTok, Mahi de Silva, isn't, we're, I'm, it's, Green, FITE Organizations: Tech, New York Stock Exchange Locations: Beijing

☆ How 5 companies are using pricing power to protect profits during high inflation
▼ + stars: | 2023-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

A select group of our Club holdings have recently demonstrated durable pricing power to protect profits during what continues to be a high inflation environment. For companies, elevated inflation means higher input costs — higher costs on the goods and services required to run their businesses. In a recent note, UBS acknowledged, "Inflation may trend back toward the Fed's target sooner than expected reducing the relative advantage of companies with pricing power." In fact, UBS believes that "companies with pricing power have the potential to outperform the broader market in the months ahead." Microsoft's pricing power comes down to the simple fact that they have positioned themselves as a core backbone of global productivity.

Persons: Andrew Bonfield, Jim Umpleby, we'll, Gamble, Gillette, Jon Moeller, Linde, Matthew White, White, Salesforce, Jim Cramer's, Jim Cramer, Jim, Procter & Gamble, Justin Sullivan Organizations: Federal Reserve, UBS, Caterpillar, Procter, Gamble, Linde, LIN, Microsoft, Construction Industries, Resource Industries, Energy, Transportation, Procter & Gamble, Health, Care, Investment, Management, Services Cloud, Cloud, Industries, CNBC, Procter & Locations: U.S, Australia, Canada, New Zealand, Greenbrae , California

☆ Scientists found more than 1,000 AI spam bots trying to scam people and steal their social media profiles — and regulators can't keep up
▼ + stars: | 2023-08-24 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +7 min

One of the latest is flooding social media with spam bots and AI-generated content that could further degrade the quality of information on the internet. Botnets are networks of hundreds of harmful bots and spam campaigns on social media that can go undetected by current anti-spam filters. We can still detect AI-generated spam — for nowBoth NewsGuard and the paper's researchers were separately able to unearth AI-generated spam content using an obvious tell that chatbots currently have. AdvertisementAdvertisementResearchers look for when these responses slip out in an automated bot's content, whether on a webpage or in a tweet. AdvertisementAdvertisementOne such measure was tagging AI-generated content with a hidden label to help people distinguish it from content made by humans, per the White House.

Persons: Kai, Cheng Yang, Filippo Menczer, Yang, Menczer, ChatGPT, chatbots, Wei Xu, Europol, Xu, Biden Organizations: Indiana University, Twitter, ChatGPT, Indiana University's Observatory, Social Media, telltale, Georgia Institute of Technology, Regulators, Google, Microsoft, House Locations: Indiana

☆ Millennial mom of 4 turned her blog into multiple income streams bringing in $122,000 a year: 'Always be learning'
▼ + stars: | 2023-08-23 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

But she was making "almost nothing," she says, As such, the Chicago suburbs native had to find alternative ways of making money. That year, Peterson decided to start a blog in the hopes of one day making it a regular source of income. She started Arts and Budgets in early 2016 while still working as a substitute teacher sporadically. In late 2016, Peterson signed up for ShareASale, an affiliate marketing platform. In July 2017, she made $52 from ShareASale, and between May and August of 2017, she made $1,650 on Mediavine.

Persons: Latasha Peterson, Peterson, hustles Peterson, Michelle Schroeder, Gardner, pageviews Organizations: Apollo, Arts Locations: New York, Chicago, hustles, ShareASale

☆ Portkey.ai makes it easier to build generative AI apps. Check out the 14-slide deck it used to raise $3 million from Lightspeed.
▼ + stars: | 2023-08-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

The San Francisco-based startup allows businesses to create generative AI apps quickly. Check out the 14-slide pitch deck used to secure the fresh funding. A startup that enables businesses to build their own generative AI apps has just raised $3 million from Lightspeed. San Francisco-based Portkey.ai — launched in January this year — aims to help companies deploy "very complex applications" on top of generative AI infrastructures, said cofounder and CEO Rohit Agarwal. The startup targets engineering teams in midmarket and enterprise companies, that are adopting generative AI, as well as generative AI startups.

Persons: Portkey.ai, —, Rohit Agarwal, Portkey, Agarwal Organizations: US, Lightspeed, Amazon Web Services Locations: San Francisco, Francisco, midmarket, Portkey

☆ A couple bought an abandoned farm in Portugal for $103,000 and turned it into an off-the-grid homestead where they're raising 2 small kids — see how they did it
▼ + stars: | 2023-08-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +15 min

A couple moved from the UK to Portugal to live on an abandoned farm they bought for $103,000. The couple moved from the UK to Portugal to restore and live on an abandoned farm. The couple fell in love with the second property they viewed — an abandoned farm set on three acres of land. The couple — who were living and traveling around in a van at that time — bought the farm for 95,000 euros, or about $103,000. The Newbys have been documenting every step of their Portuguese farm renovation on their YouTube channel.

Persons: Tara Newby, They've, Tara, —, Sawyer, John, we've, Portugal's, John said, who've, they've, you'll, We've Organizations: Service, YouTube, Google Locations: Portugal, Wall, Silicon, Lisbon, England, Bristol, Zimbabwe, Tanzania, Antarctica, Europe

☆ Meta's Threads begins rolling out on the web, as Zuckerberg takes more direct aim at Elon Musk's X
▼ + stars: | 2023-08-22 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. Threads is the new social network from Meta Platforms which was launched on the 5th of July 2023. A Meta spokesperson said the company will be "rolling out" the web version of Threads for the general public "over the next few days." Influencers and power users on X often use the desktop version of the app to post comments and share content throughout the day. Although Zuckerberg recently told analysts on an earnings call that he's "quite optimistic" about Threads, Meta is not planning to monetize the app until it's more established.

Persons: Meta, Mark Zuckerberg, influencers, Elon Musk, Zuckerberg Organizations: Meta, CNBC

☆ How Bob Iger's big plan to shrink Disney could pay off and how it could backfire, according to industry insiders
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." Verizon has reached out to Disney about partnering on a new ESPN streaming service, The Information reported. 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.

Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Verizon, Flagship Locations: Orlando , Florida, Sun

☆ Vietnam's EV firm skids for third straight US stock session after debut boom
▼ + stars: | 2023-08-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

VinFast shares on Friday fell 23% to close at $15.40, slipping below its opening price of $22 on Tuesday, when it had surged up to $38.78. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $45 million worth of its shares had been traded by late morning, compared with $29 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. "Founder Pham Nhat Vuong brought a portion of VinFast to the public markets because he may seek to further monetize his stake over time. That may be a material overhang for VinFast shares for some time to come," Benowitz said.

Persons: Mike Blake, VinFast, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur, Matthew Lewis Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Bengaluru, Oakland, California

☆ Vietnam's EV firm skids for third session after debut boom
▼ + stars: | 2023-08-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

The loss-making company was last valued at $32.4 billion, compared to $85 billion in its Wall Street debut on Tuesday. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $28 million worth of its shares had been traded by late morning, compared to $13 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. That may be a material overhang for VinFast shares for some time to come," Benowitz said. Shares of Vietnam's largest conglomerate and VinFast parent Vingroup (VIC.HM) closed down 7% in Ho Chi Minh trading.

Persons: Mike Blake, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Ho Chi, Bengaluru

☆ Bob Iger is moving to shrink Disney — here's how industry insiders see his playbook and its potential pitfalls: 'Everything is not OK'
▼ + stars: | 2023-08-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.

☆ I started a blog and grew it into a $14 million business. Here's how I did it through affiliate marketing and social media.
▼ + stars: | 2023-08-17 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

A blogger turned wellness influencer and CEO Olivia Amitrano started her business with only $200. She said the best way to grow a blog is to use captivating titles, listicles, and specific solutions. Her supplement business, Organic Olivia, now brings in about $14 million in revenue every year. I grew up with health problems that I always thought were connected, including skin and gut issues and some anxiety. I also have my own supplement line that brought in $14 million in revenue in 2020, my highest-grossing year yet.

Persons: Olivia Amitrano, Olivia, I'd, influencers, I've, we've Organizations: Service, Fordham University, Trader, ArborVitae Locations: Wall, Silicon, New York City, Herbalism, Brooklyn

Yields on one-year real estate bonds rated AA- have widened 220 bps in the past month, data from Chinabond shows. That divergence reflects investors' expectations that Beijing will support LGFVs in order to minimise financial contagion, despite rising delinquencies among developers. Yields on LGFV bonds issued in August averaged around 3.9%, the lowest seen this year, according to data provider Dealing Matrix(DM). The chorus of economists calling for China to support LGFVs as part of measures to shore up the economy has grown. Chi Lo, Hong Kong-based senior economist at BNP Paribas Asset Management, said Beijing needs to refinance LGFV debt over the next three to five years to prevent the system from imploding.

Persons: Aly, Zhu Yangmo, LGFVs, Zhu, Chi Lo, Li Gu, Samuel Shen, Tom Westbrook, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Rights, China Central Depository, Asset Management, Garden Holdings, HK, China International Capital Corp, Tianjin Infrastructure Investment Group, AAA, China, Thomson Locations: Shanghai, China, Rights SHANGHAI, SINGAPORE, Hainan, Beijing, Tianjin, Hong Kong, imploding, Singapore

☆ Top tech analyst Mark Mahaney adds this social stock to his list of top picks
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

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

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