Pinterest's Business Outlook 'Bleak,' Grizzly Research Says-February 2024-www.financetom.com

Pinterest's Business Outlook 'Bleak,' Grizzly Research Says

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Pinterest's Business Outlook 'Bleak,' Grizzly Research Says

Jul 19, 2024 8:27 AM

11:00 AM EDT, 07/19/2024 (MT Newswires) -- Pinterest's ( PINS ) business outlook is "bleak," with user engagement falling at "steep rates," short-seller Grizzly Research said in a report Thursday.

"All data reveals that Pinterest ( PINS ) is very rapidly losing interest among US consumers, while competitors are growing," the short-seller said in the report.

The company didn't immediately respond to a request for comment from MT Newswires.

Shares of Pinterest ( PINS ) were up 1.4% in recent Friday trading.

Price: 41.54, Change: +0.58, Percent Change: +1.42

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