• Pinterest popped 20% on earnings that weren't as terrible as expected

    16 days ago - By TechCrunch

    If Pinterest is a bellwether of consumer spending, things are not looking up just yet. Still, investors in the social network rallied as Q2 revenue came in roughly in line with expectations and user declines were not as horrible as they thought. That's not to say Pinterest's earnings were good. Pinterest missed on earnings and delivered zero user growth in its most recent quarter, citing a combination of factors including the lingering impacts from the pandemic, reduced traffic from search engines, the rise of TikTok, and - like many companies reliant on digital advertising - the broader...
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