Pinterest Projects Weak Holiday-Quarter Sales, Shares Tumble

Pinterest Projects Weak Holiday-Quarter Sales, Shares Tumble
Pinterest Inc. has projected weak revenue for the upcoming holiday quarter, falling short of analysts' expectations. This disappointing forecast has raised concerns about the growth prospects of the company's advertising business, particularly as the critical holiday shopping season approaches. Following the announcement, Pinterest's stock price experienced a significant decline, tumbling over 19% in after-hours trading. The revenue projections indicate challenges ahead for the company in meeting market expectations and sustaining momentum in its core advertising segment. These developments highlight investor apprehension regarding Pinterest's ability to capitalize on holiday consumer spending. The company's performance during this period will be closely watched as an indicator of its broader business trajectory. Overall, the weak sales outlook and resulting market reaction underscore the uncertainties facing Pinterest in the near term.







