(Reuters) -A slowdown in Pinterest Inc's user growth tarnished an otherwise strong quarterly report card, sending shares down about 10% aftermarket on Tuesday even though the company forecast current-quarter revenue above estimates.
With pandemic restrictions easing across the world, people are dialing down time spent on social media, but a boom in ad spending by companies helped soften the hit from tepid user growth.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
