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3 Bright Spots in Pinterest's Earnings Report

·4 min read
3 Bright Spots in Pinterest's Earnings Report
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Pinterest (NYSE: PINS) got slammed Friday as the social media company posted a surprise decline in U.S. monthly active users. On a sequential basis, they were down from 98 million at the end of the first quarter. The company also warned that the decline had continued into July, saying that as of July 27, U.S. MAUs had fallen 7% and global MAUs were up just 5%, compared to 9% growth in 2021's second quarter.