6:06 PM · 30 July 2021

Pinterest stock fell 20% as company misses on user growth

Pinterest (PINS.US) shares plunged more than 20% during today's session despite the fact that  the image-sharing website operator beat analyst estimates for both profit and revenue for its latest quarter. Company recorded a profit of $69.41 million in the latest quarter compared to a loss of $100.74 million a year earlier. Total revenue more than doubled to $613 million and topped market estimates of $562 million. However, the company recorded another quarterly decline in monthly average users as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more. 

Pinterest (PINS.US) stock launched today's session with a massive bearish price gap and is currently testing 38.2 Fibonacci retracement of the upward wave which started back in March 2020. If current sentiment prevails, then the next target for bears is located around $49.65 and is marked with 50.0 Fibonacci retracement. Source: xStation5

14 September 2026, 6:34 AM

Morning Wrap: A gloomy start to the week amid rising oil prices and turmoil surrounding OpenAI 🚨

11 September 2026, 3:01 PM

US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields

11 September 2026, 2:08 PM

Oracle earnings: Good, but it could have been better.

11 September 2026, 12:24 PM

Adobe Delivers Strong Results, but Falls Short of Expectations. The Market Fears the Impact of AI

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits