In January, Pinterest (PINS) weighed spending hundreds of millions of dollars on a deal to supercharge its ad sales, underlining its ambition to compete more with companies like Meta (META), The Information’s Catherine Perloff reports, citing a person familiar with its plans. The company contemplated purchasing one of five ad tech farms after never having bought a business of any size before, the author notes.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- AI Daily: OpenAI said to be working on X-like social network
- Meta Platforms (META) Can Withstand an Advertising Slowdown, Says Citigroup
- OpenAI working on X-like social network, Verge reports
- Pinterest price target lowered to $38 from $46 at Wedbush
- Pinterest price target lowered to $38 from $47 at Citi
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue