Pinterest

Photo-sharing social media platform Pinterest on Tuesday said it now has 450 million monthly active users (MAUs) globally, growing 4 per cent year over year

The latest cuts bring FedEx's total employee reductions to 12,000 since June, a spokeswoman said

Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.

Both companies topped Wall Street predictions with sales and earnings, with Snap even posting a surprise profit -- its first as a publicly held business

A source told Reuters that PayPal had offered $70 per share, mostly in stock, for Pinterest.

Pinterest is a visual search and scrapbooking platform that lets users save, collect and group images by theme

The departure comes at a complicated time for Pinterest, which is dealing with a number of accusations from former employees that the company discriminated against female workers

A deal between the two companies would also have tested the Biden administration's appetite for allowing powerful technology companies to strike deals

Shareholders of the photo-sharing social media platform Pinterest have sued top executives of the company, including CEO Ben Silbermann, for allegedly nurturing a toxic work culture

More people turned to Pinterest's platform for content to keep themselves entertained during coronavirus lockdowns

The platform said the tool would be available at "key moments" throughout the election

Tumblr referrals drive the highest revenue per visit from mobile devices, 39 per cent more than Facebook, finds an Adobe report

A key difference between Pinterest and Lyft, however, were their valuation expectations

The offering of 75 million shares was priced at $19, above the expected range of $15 and $17, and raised $1.4 billion in net proceeds

At $19 per share, Pinterest, which offers advertisers a venue to sell to consumers, raised around $1.4 billion at a roughly $12.7 billion valuation

Pinterest's filing reported that the company had lost $63 million in 2018

Pinterest, which plans to list under the symbol "PINS" on the New York Stock Exchange, set a placeholder amount of $100 million to indicate the size of the IPO.

Pinterest is advertising to add users as other, larger networks start to mimic parts of its product

Financial terms of the deals are yet to be disclosed