Nextdoor (KIND) reported second-quarter revenue that beat analysts' estimates and projected stronger-than-expected sales growth, pointing to improvements in the company's advertising technology as a key driver of sales. Nextdoor CEO Nirav Tolia also announced plans for a "complete transformation" of the company's core social network. He joins Ed Ludlow to discuss on "Bloomberg Technology."
Nextdoor Holdings, Inc. is the essential neighborhood network. The Company builds technology to foster local community, and brands and businesses of all sizes use its advertising platform to engage with neighborhoods at scale. Its Nextdoor platform is used by neighbors, businesses, and public agencies in approximately 11 different countries to foster more engaged communities. Neighbors use Nextdoor to stay informed on local news, events, and relevant discussions, discover and support local businesses, and exchange goods and services. Businesses leverage Nextdoor to connect with these engaged communities through business pages and targeted advertising, while public agencies rely on the platform to share real-time updates, critical alerts, and pertinent information. The Company offers a suite of advertising solutions designed to deliver value for businesses of all sizes. Its advertising solutions include Hyperlocal Targeting, Diverse Ad Formats, and Brand Safety and Trust.
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Investor
Investor
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Global
Global
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Quality
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ESG MSCI
ESG MSCI
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