Reddit, Meta, and Pinterest Stocks Rise. How Alphabet’s Earnings Are Giving Them a Boost.
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Shares of social media companies like Instagram and Facebook owner Meta Platforms Reddit and Pinterest were rising Friday on the back of strong earnings from Alphabet The advertising heavyweight’s latest financials were a reassuring sign for companies that rely on digital ad revenue. The Google and YouTube parent’s first-quarter print on Thursday highlighted growth in its advertising business. Alphabet also cited strength in its YouTube ads business, which rose to $8.9 billion from $8.1 billion in 2024.
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