Will This Horrible Streak Finally End for Pinterest?
Pinterest (NYSE: PINS) is scheduled to announce fiscal 2022 second-quarter earnings after the markets close on Monday, Aug. 1. The image-based social media company is struggling to retain the attention of its users as the economic reopening has gained momentum.
Pinterest thrived at the pandemic's onset after hundreds of millions of people flocked to its website for inspiration and entertainment. Its platform is abundant with listings that show folks creative cooking recipes, organizing hacks, and gardening tips, all of which were in high demand when people were staying home most of the time.
But the economic reopening has taken people's attention away from Pinterest. The company has shed users from the U.S. and Canada for four consecutive quarters.
Source Fool.com
