Why Is Everyone Talking About Pinterest Stock?
Pinterest (NYSE: PINS) stock is catching a lot of buzz recently, but not for a good reason. The company reported less than stellar results in its second-quarter earnings announcement late last week that sent the stock crashing.
The focus of the disappointment was on the loss of monthly active users (MAUs). As economies reopened during the quarter, folks spent less time engaging with Pinterest. The result was a loss of 24 million MAUs for the quarter and a stock price that fell nearly 18% in trading on Friday.
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Source Fool.com
