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.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting