Reported about 5 hours ago
Pinterest's shares dropped 18% after a dismal earnings forecast raised concerns regarding its growth amid intense competition and tariff-related pressures. The decline could erase $4.36 billion from its market value, contrasting sharply with strong revenue growth reported by major digital ad companies like Google and Meta. CFO Julia Donnelly noted weaker ad spending in North America, particularly as U.S. retailers adjust to tariff impacts, leading to a cautious outlook for the company.
Source: YAHOO