Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
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Image-sharing platform Pinterest somehow manages to dodge the boulders falling from the skies for the rest of the social media sector.
There was much anticipation for Pinterest’s earnings after a rocky ride for its rivals this earnings season, but investors decide to focus on the good news instead of the bad.
Struggling social platform Pinterest has been manifesting a recovery for its share price, and turns out the universe has been listening.
Investors are sick of seeing declining users, so they’re focusing on the pretty picture painted by ad revenue and earnings instead.
Pinterest helps allay any concerns the market has about social media stocks with a new all-time record in revenue.
Investors are on the lookout for new investment inspo after a downgrade sends Pinterest stock spiralling.
Pinterest ended last week among TradingView’s top losers, down 18% on Friday after reporting a decline in monthly users and sinking a further 3% yesterday to close at $57.12.
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