Pinterest Stock Plummets, but Amazon and Google Are Coming to the Rescue

By Neil Rozenbaum – Feb 9, 2024 at 5:00PM

NYSE: PINS

Market Cap

$23B

Today's Change

(4.04%) $1.32

Current Price

$33.96

Price as of April 26, 2024, 4:00 p.m. ET

Despite strong growth, the market wanted to see more and was left unimpressed.

In this video, I will be going over Pinterest's (PINS 4.04%) fourth-quarter earnings as well as some important points that were mentioned during the earnings call, such as the progress of its partnership with Amazon and the announcement of a new one with Alphabet's Google.

*Stock prices used were from the trading day of Feb. 9, 2024. The video was published on Feb. 9, 2024.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon and Pinterest. The Motley Fool has positions in and recommends Alphabet, Amazon, and Pinterest. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.