The Miami Entrepreneur

: Pinterest’s stock jumps 4% as it unveils new ad tools, talks AI at investor day

Shares of Pinterest Inc. PINS jumped 4% Tuesday as the company rolled out new ad tools at its investor day, including integrations for Salesforce Inc.’s CRM Commerce Cloud and Adobe Inc.’s ADBE Commerce native applications. Pinterest also discussed its ongoing AI development. “We believe innovation has accelerated at Pinterest over the past nine months,” Roth MKM analyst Rohit Kulkarni said in a note before the conference. “Pinterest has launched new ad formats, shopping tools, and advertiser tools as the company seems focused on building a full-funnel advertising solution.” Pinterest later named Scott Schenkel, the former chief financial officer and interim chief executive of eBay Inc. EBAY, to its board of directors. Pinterest’s stock is up 9% in 2023, while the broader S&P 500 index SPX has expanded 15% this year,

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