Shares of Pinterest (PINS) and Snap (SNAP) continue to struggle after they took a hit from their latest quarterly earnings reports. The companies may have a hard time against competing against rivals like Meta (META). Headline Venture Partner and Former Head of Corporate Development at Pinterest Kamran Ansari joins Yahoo Finance to give insight into the performance of these companies and the landscape of the overall digital ad sector. Ansari gives insight into how these companies are positioned: "Pinterest is growing a little bit more handsomely, about 10%, they did about $3.1 billion for the year in 2023. And they're starting to eke out a profit now, I think they turned a minor profit in Q4, and for the year were about break even. I think different companies, but very different use cases. Snap competes much more directly with Tiktok and Instagram, which, at this point, are just so formidable, whereas I think Pinterest itself has a different swim lane and discovery in search and commerce, so hopefully they can carve something out there that's unique for them. Both companies are going to have to figure out: are they large enough businesses to be viable, stand alone companies when you have these Goliaths like Meta and Alphabet (GOOGL, GOOG) and Amazon (AMZN) out there." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Read more --->