Pinterest (NYSE: PINS) is one of many growth tech stocks to lose more than two-thirds of its value in the bear market. Still, at a time when many of these companies experienced slowing growth, Pinterest has seen fewer users on its site following the end of lockdowns.
Such struggles have led to changes in the C-suite and a significant investment from an activist investor. The question for smaller investors is whether that justifies adding positions in Pinterest?
Pinterest has undergone a radical transformation in recent weeks. Amid sluggish growth, the company has decided to make itself more of an e-commerce stock.
Source Fool.com