On this episode of Stock Movers:
- Coinbase (COIN) is higher on news it will cut around 14% of its workforce to manage costs in volatile markets and technological advances in artificial intelligence. The company plans to concentrate remaining staff around AI skills while reducing layers of management, with some teams consisting of just one person.
- Pinterest (PINS) shares jumped almost 20% in extended trading after the company reported first-quarter sales that topped analyst estimates. Pinterest reported 631 million monthly users in the quarter ended March 31, up 11% from a year earlier, and a net loss of $73.6 million for the quarter.
- Shopify (SHOP) shares slumped as its revenue outlook suggests growth pace may be slowing down. The Ottawa-based commerce software maker expects revenue in the second quarter to increase at a “high-twenties percentage rate” from a year earlier, according to a Tuesday filing.

Alphabet Rises, Paypal Drops, Eaton Slides as 2Q Profit Forecast Misses Estimates
03:55

Coinbase Jumps, Meta Rises, Fiserv Slides as Organic Revenue Misses Expectations
04:04

Pfizer, DuPont, and Intel Drive Higher
04:28