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**Pinterest, Inc. (PINS) Stock: Tumbles 10% After-Hours Amid Gen Z Surge and 17% Revenue Growth in Q2**
In a shocking turn of events, Pinterest, Inc. (PINS) stock plummeted by 10% after-hours despite reporting an impressive 17% revenue growth in Q2. This unexpected downturn has left investors scratching their heads.
At the same time, it’s worth noting that Pinterest witnessed a significant surge in user engagement from Gen Z users, a development that is expected to drive long-term growth and expansion for the company. As such, while the stock price may have taken a hit in the short term, it’s clear that this trend has the potential to significantly boost revenue going forward.
In Q2, Pinterest reported a staggering 17% year-over-year increase in revenue, which marks an impressive milestone for the platform. Meanwhile, the company also announced a major growth in its global Monthly Active Users (MAUs), which surpassed 578 million by the end of the quarter.
Source: coincentral.com
