Pinterest expenses skyrocket during the second quarter
Publishing timestamp: 2023-08-01 20:36:57
Summary
Pinterest's sales in the second quarter increased while losses narrowed, but expenses grew faster than revenue causing shares to drop. Meta reported double-digit revenue growth for the first time since 2021. Pinterest expects sales to grow in the high single digits range in the third quarter.
Sentiment: MIXED
Tickers: PINS,
Keywords: internet, pinterest inc, earnings, mobile, technology, business news, breaking news: technology, social media,
Source: https://www.cnbc.com/2023/08/01/pinterest-pins-earnings-report-q2-2023.html