Pinterest (NYSE: PINS) and Snap (NYSE: SNAP) both suffered steep declines over the past month. Pinterest's stock, which had been under pressure since its disappointing second-quarter report in late July, jumped to the low $60s in late October amid rumors of an acquisition by PayPal (NASDAQ: PYPL). Snap's stock, which had steadily risen after the company offered bullish long-term guidance at its investors day in February, plunged to a five-month low in late October after it posted a disappointing third-quarter report. Read More...
Pinterest (NYSE: PINS) and Snap (NYSE: SNAP) both suffered steep declines over the past month. Pinterest’s stock, which had been under pressure since its disappointing second-quarter report in late July, jumped to the low $60s in late October amid rumors of an acquisition by PayPal (NASDAQ: PYPL). Snap’s stock, which had steadily risen after the company offered bullish long-term guidance at its investors day in February, plunged to a five-month low in late October after it posted a disappointing third-quarter report.
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