TheMotleyFool
· Oct 29, 2021, 00:00 · 1 min read
Why Pinterest Stock Plunged This Week
Pinterest (NYSE: PINS), the image discovery-based social platform, was getting hit on multiple fronts this week as social media giant Facebook warned about slowing revenue growth, and PayPal Holdings (NASDAQ: PYPL) said it was no longer interested in acquiring Pinterest after Bloomberg reported last week that the two parties were in talks for a deal at $70 a share.
By Thursday, the social media stock had given up 21.4% for the week.
Image source: Pinterest.
Source Fool.com
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