Pinterest is buying and selling as we speak at roughly the identical worth at which it ended the third quarter of final 12 months, when new customers had been flooding onto the platform. The issue is, currently, 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 consumer attrition ended within the third quarter, with upside forward for brand new initiatives in commerce. Contemporary information present that could be a dream deferred.
