Pinterest Stock Plunges 18% on Earnings Miss – Can AI and Record Users Fuel a Rebound?
Recent News & Market Reaction Pinterest stock tumbled after its latest earnings release, with shares sinking 18% on Nov. 5 as the company’s weak holiday-quarter outlook spooked investors investing.com. The steep drop – the stock’s worst single-day slide in years – came despite strong user growth and solid revenue gains. Pinterest’s management forecast Q4 revenue of $1.31–1.34 billion (14–16% YoY growth), slightly below Wall Street’s ~$1.34B consensus at the midpoint, fueling fears of slowing momentum investing.com. This dour guidance, combined with an earnings miss, sparked a broad selloff. Investors reacted swiftly: the share slump was set to wipe out over $4.3 billion