Pinterest Slumps After Warning Covid-19 Has Impacted Advertisers
- Company says April revenue fell 8% from a year earlier
- Pinterest says it has 367 million monthly users, up 26%
Photographer: Gabby Jones/Bloomberg
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Pinterest Inc. shares slumped after the company said the coronavirus outbreak hurt advertisers and triggered a revenue decline in April.
The online search and discovery company also did not issue guidance for the rest of the year. It tossed out its previous 2020 forecast last month.