Pinterest Surges Most Since 2020 on Tilt Toward Shopping, Gen Z
- Shares soar after company beats on sales and user growth
- Gen-Z is flocking to the site for shopping over scrolling
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Pinterest Inc. gained the most in more than three years after the company reported first-quarter sales and user growth that surpassed Wall Street’s expectations, bolstered by a push into shopping and a focus on Gen Z users.
“We have really leaned into creating a more positive environment relative to the toxicity that Gen Z experiences on much of the rest of social media,” Chief Executive Officer Bill Ready said in an interview.