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Why Pinterest Stock Rose Today

TheMotleyFool

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Shares of Pinterest (NYSE: PINS) climbed 5.2% on Monday, furthering the visual discovery engine's sizable gains following its second-quarter results.

Despite the challenges presented by COVID-19, Pinterest's revenue rose 4% year over year to $272 million. The image sharing site experienced a 39% surge in global monthly active users (MAUs) to 416 million people in the quarter ended June 30.

"In these tough times, we're seeing more and more people rely on Pinterest to cook at home, plan kids' activities, and set up a home office," CEO Ben Silbermann said in a press release. "Businesses are helping them turn their ideas into reality as people are increasingly discovering and buying products on Pinterest."

Source Fool.com

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