Pinterest may be taking advertising from Twitter, but as DoubleLJSquared explains, relative to Snap and Meta, its shares are the worst performer of the social-media group this year WSJWhatsNow
this past holiday season, but he didn’t exactly bring a bounty of gifts, either.
Shares of the image-sharing platform fell around 10% in after-hours trading Monday after the company reported revenue growth of just 4% from a year earlier in the fourth quarter—slowing from more than 8% growth on that basis in the third quarter and coming in slightly less than Wall Street’s muted expectations. Pinterest guided to low-single-digit revenue growth for the first quarter, further disappointing analysts who had been forecasting growth of roughly 7%.
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