Shutterstock Reaffirms Its 2024 Guidance; John Caine's Employment As Chief Product And Digital Officer Will End, Effective August 23, 2024 - Filing
Portfolio Pulse from Benzinga Newsdesk
Shutterstock has reaffirmed its 2024 guidance and announced that John Caine's role as Chief Product and Digital Officer will end on August 23, 2024. Jonathan Oringer will temporarily support the digital marketplace starting August 26, 2024.
August 22, 2024 | 10:12 am
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Shutterstock reaffirms its 2024 guidance and announces a leadership change with John Caine's departure as Chief Product and Digital Officer. Jonathan Oringer will temporarily support the digital marketplace.
The reaffirmation of guidance suggests stability in Shutterstock's financial outlook, which is neutral for the stock price. The leadership change might cause some uncertainty, but the involvement of Jonathan Oringer, a key figure, could mitigate concerns.
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