It’s time to put a pin next to
stock.
It has been a tough couple of years for the social-media site, which gives users a platform to exchange product ideas and put “pins” next to the ones they love. Pinterest’s shares (ticker: PINS) have lost two-thirds of their value since hitting a record high of around $89 in February 2021, as higher interest rates hit all growth stocks, while the end of the pandemic and a drop in advertising hit the earnings of all social-media companies. Pinterest has also had problems of its own making on the operations side—problems that led to a new CEO being installed last June.
Source: https://www.barrons.com/articles/buy-pinterest-stock-price-pick-b60d1ddf?siteid=yhoof2&yptr=yahoo