Pinterest reported Thursday second-quarter net income of $69.4 million, compared with a loss of $100.7 million a year earlier.
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Robert Barba
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Robert Barba
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@Barbawire
July 29, 2021 4:43 pm ET
Shares of
Pinterest Inc.
PINS -6.01%
fell more than 14% in after-hours trading, as the online sharing platform said its monthly average users in the U.S. contracted during the quarter, a trend that accelerated this month.
The company reported 91 million monthly average users in the U.S. in the quarter, down 5% from a year earlier. Pinterest said that “engagement headwinds” continued this month, …
