Pinterest Reduces 1 Significant Risk
Pinterest (NYSE: PINS) thrived at the pandemic's onset. In two quarters, the company added 75 million monthly active users (MAUs). The image-based social media app saw an influx of folks looking for inspiration on activities they could do while at home.
Unfortunately for shareholders, the trend reversed in the opposite direction when economies started reopening in 2021. Pinterest experienced a steady outflow of users for three straight quarters. The movement was a significant risk for investors who were uncertain about how long and deep the decline would be.
Thankfully, when Pinterest updated investors on April 27, it noted an end to the user losses by adding 2 million MAUs in Q1 2022.
Source Fool.com
