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TD Cowen says Snap, Pinterest, Reddit may benefit from TikTok spending declines

TD Cowen spoke with an ad expert from a Digital agency and reported to investors that his agency’s spending on TikTok declined 20% year-over-year in Q2. The expert also noted that advertisers continue to shift some spending to other platforms such as Pinterest (PINS), Snap (SNAP) and Reddit (RDDT), the analyst tells investors.

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