The worst of the pandemic’s effect on the online ads business seems to have subsided—at least as far as Pinterest is concerned. The company posted revenue of $443 million during the third quarter—a 58% jump from the period last year. Pinterest attributed part of its success to increased spending from brands that were boycotting rival platforms like Facebook (something we earlier reported was a...
Pinterest Posts Strong Growth in Users and Revenue
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The Takeaway
“It’s Hard to Know Where It Stops”
There are weeks when I read the news and think, “Really? Can all of this be happening?” Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive...
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