Pinterest shares fell 4% to $22.34 after Chief Financial Officer Julia Brau Donnelly resigned to join an early-stage startup, while Snap rose 2% and Alphabet slipped 0.7%, indicating the move is company-specific rather than sector-wide. Donnelly, who led 11 consecutive quarters of double-digit revenue growth, will remain until October 30, 2026, with Vikram Naidu stepping in as interim principal financial officer. The departure comes as Pinterest guided third-quarter revenue growth of 13% to 15%, down from 18% in the second quarter, with short interest at 11.8% of float. The company has begun an external search for a permanent CFO, and traders are watching the $22 support level as the next earnings report will test the deceleration narrative.
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Snap IncPinterest IncCFO resignation and lowered Q3 revenue guidance
