Why Pinterest Stock Popped on Wednesday

Jon Quast, The Motley Fool
·2-min read
Why Pinterest Stock Popped on Wednesday
Why Pinterest Stock Popped on Wednesday

Shares of Pinterest (NYSE: PINS) popped on Wednesday after peer Snap, owner of the popular Snapchat app, reported earnings. Snap's results showed advertising demand was far ahead of expectations and that bodes well for Pinterest's ad-based revenue. Pinterest has yet to confirm the trend with its own results but investors expect good things all the same.