Monthly Active User Losses Continue at Pinterest in Q3
Image-based social media company Pinterest (NYSE: PINS) reported fiscal 2021 third-quarter earnings after the market closed on Nov. 4. The announcement revealed a troubling trend that continues to move in the wrong direction for Pinterest.
The company lost monthly active users (MAU) in the domestic market for a second consecutive quarter. Pinterest experienced a surge of new users and engagement at the pandemic onset when folks spent a lot more time at home. Now that economies are reopening, people are less often downloading and engaging with the Pinterest app.
Image source: Getty Images.
Source Fool.com
