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Credit Suisse Predicts Farfetch Users to Grow Tenfold Following Alibaba, Richemont Deal

Credit Suisse Predicts Farfetch Users to Grow Tenfold Following Alibaba, Richemont Deal
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Farfetch Active Shoppers Are Forecast to Grow 10 Times With Alibaba Assist

Pinterest Set For Record High Open After Q4 Earnings Beat

Original: Pinterest Inc.  ( PINS) - Get Report shares opened at an all-time high Friday after posting a surge in fourth-quarter revenues as home-bound shoppers flocked to the image-sharing social media platform over the holiday season. Pinterest said its quarterly revenues for the three months ending in December rose 76% from last year to $706 million, well ahead of the Street consensus forecast of $645 million. Adjusted profits were also firmer, rising to 43 cents per share and beating Street estimates by more than 10 cents. Monthly active users on the platform, Pinterest said, rose 37% to 459 million, with around 98 million of that total coming from the United States. 

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