The Grinch may not have stolen all of Pinterest’s business this past holiday season, but he didn’t exactly bring a bounty of gifts, either. Shares of the image-sharing platform fell around 10% in after-hours trading Monday after the company reported revenue growth of just 4% from a year earlier in the fourth quarter—slowing from more than 8% growth on that basis in the third quarter and coming in slightly less than Wall Street’s muted expectations. Pinterest guided to low-single-digit revenue growth for the first quarter, further disappointing analysts who had been forecasting growth of roughly 7%. Read More...
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Why C3.ai Stock Popped Again Today
Shares of C3.ai (NYSE: AI), the artificial intelligence-based software-as-a-service company, were moving higher again as the stakes continued to build in artificial intelligence and investors continue to look to C3.ai as one of the few pure plays available in AI. Coming on the heels of news that ChatGPT’s has reached 100 million users and it would charge $20 a month for a “plus” tier, Google said today that it was launching its own conversational search tool, named Bard. Bard isn’t live, but Google said it will be made available in the coming weeks and is now being opened up to “trusted testers.”
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