Here's Why Pinterest Stock Crashed Today

·1-min read
Here's Why Pinterest Stock Crashed Today

Shares of Pinterest (NYSE: PINS) plunged 18% on Friday after the social media platform reported disappointing second-quarter results. Pinterest's revenue soared 125% year over year to $613.2 million. The gains were fueled by strong increases in average revenue per user (ARPU), as advertisers ramped up their spending on Pinterest's platform during the pandemic.

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