Pinterest shares pressured by comments at Goldman conference, Amazon's Lens Live

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SeanShot

* Shares of Pinterest (NYSE:PINS [https://seekingalpha.com/symbol/PINS]) took a dive mid-morning in the wake of comments attributed to company at the Goldman Sachs Communicopia + Technology Conference which spooked investors and snapped a multi-day winning streak for the stock.
* The company warned of the tariff risks to small businesses, who might be forced to raise prices, while large retailers face margin pressures from increased tariff-related costs.
* The stock also seems to have been undermined by posts reverberating through social media pertaining to Amazon’s (AMZN [https://seekingalpha.com/symbol/AMZN]) launch of Lens Live [https://www.aboutamazon.com/news/retail/search-image-amazon-lens-live-shopping-rufus], an AI-powered upgrade to Amazon Lens which allows shoppers to search products through a visual search similar to Pinterest Lens (NYSE:PINS [https://seekingalpha.com/symbol/PINS]). Although the Lens Live announcement was several days ago, it is currently gaining traction at the detriment of Pinterest (NYSE:PINS [https://seekingalpha.com/symbol/PINS]).
* Pinterest (PINS [https://seekingalpha.com/symbol/PINS]) shares were down as much as 9% from the intra-day high, but have since recouped nearly half its early loss.

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