Tom Forte, D.A. Davidson Managing Director and Senior Research Analyst, discusses Pinterest earnings and compares ad market to SNAP. You can watch the full interview here. Key video highlights 00:00 On ad environment problem 00:17 On revenue weakness for PINS & SNAP 00:30 On possibility of digital advertising rebound
Goldman Sachs decodes the mass layoffs sweeping Big Tech.
Shares of Snap (NYSE: SNAP) were rallying on news that Texas would ban its state agencies from using TikTok, the popular short-form video app considered a close rival to Snapchat. Snap finished the day higher, gaining 9.7% on the news. In the latest sign that incremental pressure was building against TikTok, which is based in China, Texas Governor Greg Abbott announced a "statewide model security plan" to address vulnerabilities to TikTok and other software.