Coinbase and Pinterest Jump; Shopify Slumps

Coinbase and Pinterest Jump; Shopify Slumps

From Stock Movers by iHeartPodcasts

May 5, 2026 · 5 min

About this episode

This episode discusses the stock movements of Coinbase, Pinterest, and Shopify based on their recent financial news.

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. See omnystudio.com/listener for privacy information.

People in this episode

Host: iHeartPodcasts

Topics covered

  • stock market
  • technology
  • business news
  • artificial intelligence
  • financial performance

Keywords

  • Coinbase
  • Pinterest
  • Shopify
  • stock market
  • financial news
  • artificial intelligence
  • revenue outlook

Mentioned in this episode

Organizations: Coinbase, Pinterest, Shopify

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