Why Pinterest Stock Fell Sharply Today

Why Pinterest Stock Fell Sharply Today

Shares of Pinterest (NYSE: PINS) took a hit on Friday. The growth stock's decline comes as a Seeking Alpha article noted that Cleveland Research's data indicates that "some omni-channel retailers are seeing Pinterest spending decelerating." "Cleveland Research says Q1 looks like it ended softer than mid-quarter expectations would indicate, and some agencies/partners noting a deceleration from Q4 levels," wrote Seeking Alpha author Jason Aycock.