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This Fact Makes Pinterest's Disappointing Quarter Look Worse

·3 min read
This Fact Makes Pinterest's Disappointing Quarter Look Worse
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Pinterest (NYSE: PINS) reported second-quarter earnings on July 29 that disappointed investors. Management expected that when economies reopened, it would harm engagement on Pinterest, but it didn't expect the decline to be this bad. To make matters worse, rival Snap (NYSE: SNAP) reported an increase in a similar metric just a few days before.