Pinterest Stock Surges After Posting Impressive User Growth
Shares of Pinterest (NYSE: PINS) are closing out July on a high note. The company reported results for the second quarter of 2020 showing a surge in monthly active users (MAUs), and investors are loving it. As of 11:30 a.m. EDT on Friday, the stock was up a whopping 31%.
Perhaps even more encouraging than its growth in MAUs is Pinterest's current revenue growth. In the first 29 days of July, revenue was up 50% from the same period in 2019.
Image source: Getty Images.
Source Fool.com
