Pinterest (NYSE: PINS) surprised investors on June 28 by announcing that Ben Silverman, who co-founded the social media company, would resign from the CEO position and become its executive chairman instead. Silverman will be succeeded by Bill Ready, who previously led Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) commerce and payment efforts at Google. Pinterest's shares initially soared 10% during after-hours trading on June 28 following the announcement, but they subsequently gave up most of those gains and advanced just 1% on June 29. Read More...
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NIO stock jumps after June EV deliveries rise sharply from a last month and from last year
The U.S.-listed shares of NIO Inc. jumped 2.4% in premarket trading Friday, after the China-based electric vehicle maker reported June deliveries that rose sharply from last month and from a last year. The company said it delivered 12,961 vehicles in June, up 84.5% from May and 60.3% more than the same period a year ago. The June deliveries consisted of 8,612 sport utility vehicles, including 1,684 ES8s, 5,100 ES6s and 1,828 EC6s, as well as 4,349 ET7 sedans. For the second quarter, NIO delivere
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