Pinterest is buying and selling at present at roughly the identical value at which it ended the third quarter of final 12 months, when new customers have been flooding onto the platform. The issue is, these days, these customers are leaving.
With Pinterest’s inventory now down almost 58% from the highs it hit in February, the bull case has been the assumption that person attrition ended within the third quarter, with upside forward for brand spanking new initiatives in commerce. Recent information present that could be a dream deferred.
