Pinterest's (NYSE: PINS) stock chart will look familiar to any investor in tech stocks or social media stocks.
Like its peers, Pinterest shares boomed during the pandemic as lockdowns drove a surge of interest in the platform, and its user base and advertising revenue soared.
However, the economic reopening has been rough on the image-based discovery engine as its user base declined for several quarters, and revenue growth has slowed sharply due to macroeconomic headwinds and Apple's ad tracking changes.
Source Fool.com