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Pinterest Surges After User Numbers Top Analysts’ Estimates

  • Company withdraws 2020 forecasts after pandemic hits ads
  • Chief Operating Officer Francoise Brougher is leaving company
     
Photographer: Gabby Jones/Bloomberg
Updated on

Pinterest Inc. shares surged after the company reported user numbers that exceeded analysts’ estimates.

The digital search and scrapbooking company also withdrew 2020 forecasts after the coronavirus pandemic hurt its advertising business, but investors focused on the growth of Pinterest’s online audience.