Pinterest Inc.

Pinterest’s stock dropped more than 8% on Wednesday to its lowest intraday level since May after CEO Bill Ready warned at a conference about challenges in the international business. New European regulations are making trade with cross-border sellers from Asia more difficult, and the international go-to-market model is being restructured. Pinterest is rolling the U.S. restructuring out to international markets, expects short-term pain, but sees medium-term benefits and says further work on international monetization is necessary. » More on de.investing.com

At the Goldman Sachs Communacopia + Technology Conference, Pinterest presented its transformation from a discovery app into an AI-powered shopping assistant. CEO Bill Ready highlighted more than 640 million users, 12 quarters of record growth and a revenue mix with over two-thirds performance advertising. Management is focusing on cost-efficient open-source models, expanding offerings like Performance+ and Connected TV, and points to the under-monetized international user base (over 80% of users, ~20% of revenue) as the key growth opportunity. CFO Julia is leaving the company; the stock fell sharply on the presentation. » More on de.investing.com

Pinterest announced that CFO Julia Brau Donnelly will resign effective October 30 to take a position at a privately held start‑up. The stock fell after-hours by up to 3.8% and was trading about 1.8% lower at $22.78 in premarket trading. Vikram Naidu will serve as interim CFO while an external search is underway; Baird analyst Colin Sebastian kept his "Neutral" rating with a $26.00 price target. High short interest (around 11.81%) and restrictive Fed signals are further weighing on sentiment. » More on de.investing.com