Why Investors Shouldn't Be Worried About Pinterest's User Decline
The honeymoon is over for Pinterest (NYSE: PINS).
The virtual pin board has been one of the market's biggest darlings during the pandemic with shares climbing approximately 800% from trough to peak, but its second-quarter report served notice that the company is taking a breather from its upward surge.
Pinterest shocked investors by reporting a decline in monthly active users in the U.S., where the vast majority of its revenue comes from. Domestic MAUs fell 5% year over year from 96 million to 91 million. And on a sequential basis, the decline was even worse, down 7% from 98 million in the first quarter.
Source Fool.com
