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Why Pinterest, Roku And Snap Shares Are Falling Today

Shares of streaming, gaming and social media companies, including Pinterest Inc (NYSE: PINS), Roku Inc (NASDAQ: ROKU) and Snap Inc (NYSE:
byHenry Khederian
March 7, 2022
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Shares of streaming, gaming and social media companies, including Pinterest Inc (NYSE:PINS), Roku Inc (NASDAQ:ROKU) and Snap Inc (NYSE:SNAP), are trading lower amid overall market weakness.

Several companies in the broader social media space have also cut services in Russia amid the ongoing war with Ukraine. The continued escalation of the Russia-Ukraine conflict has also weighed on the US market Monday, with attempts of a ceasefire and Mariupol evacuation failing.

See Also: Which 10 Major US Companies Are Still Doing Business In Russia?

Pinterest is trading lower by 3.0% at $23.27.

Roku is trading lower by 5.1% at $115.37.

Snap is trading lower by 6.1% at $31.07.

 
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Pinterest’s Stock Continues On Downward Spiral: What’s Next?

By Tyler Bundy
Today, 7:36 PM
Pinterest Inc (NYSE: PINS) shares traded lower Tuesday following a downgrade from Guggenheim. Analyst Michael Morris downgraded the stock from a Buy to a Neutral rating and lowered the price target from $46 to $39. This pushed Pinterest further below a technical channel it traded in.

PINS