Author: Shibu Thomas

Profit Shortfall Overshadows Strong User and AI Growth Pinterest (PINS.N) reported a second-quarter profit that fell short of analyst expectations, overshadowing robust revenue and user growth, and triggering an 11% drop in after-hours trading. The social media platform posted an adjusted earnings per share (EPS) of 33 cents, below the consensus estimate of 35 cents, according to LSEG data. Despite the earnings miss, Pinterest’s revenue rose 17% year-over-year to $998.2 million, surpassing analyst forecasts of $974.8 million. The company’s shares have rallied approximately 35% year-to-date, driven by expanding user engagement and innovative advertising solutions. Key to Pinterest’s growth has been…

Germany’s CEO Pay Hits Record Highs Despite Economic Slowdown In a full-fledged economic uncertainty, executive pay in Germany continues to climb to outrageous levels. In 2024, the chief executives of Germany’s highest value publicly listed companies (especially DAX listed companies) earned record levels of pay packages, on average €3.76 million, up 3% from the year before. The data comes from a joint research project by the German Association for the Protection of Securities Ownership (DSW) and the Technical University of Munich. While the 3% year-on-year increase may seem small, the yearly data presents a wider narrative that highlights changing norms…