The stock price is down nearly 20% following a report it lost monthly active users.
Compare PINS Stock to Peers
|Symbol||Last Price||Market Cap||% Δ 1 Yr||% Δ 5 Yr|
News & Analysis: Pinterest
Pinterest's second-quarter report isn't as bad as it looks.
These three out-of-favor growth stocks could heat up your portfolio in August.
Despite the sell-off, there were a number of positive signs.
Domestically, the number of monthly active users of the platform fell, but that doesn't actually reflect a long-term problem.
Pinterest's stock price dropped roughly 20% after reporting earnings.
The company reported a rare drop in monthly active users that spooked investors.
A surprise decline in U.S. active users sent investors heading for the exits.
Weak MAUs and no guidance brought the stock down 20% after hours.
PINS earnings call for the period ending June 30, 2021.