Why Pinterest Stock Fell 13% This Week

·2 min read

Shares of Pinterest (NYSE: PINS) were under pressure this week along with the rest of the market to end the worst first half of a year for stocks in over 50 years. For the sake of keeping score, the social media stock was down 13% on the week, the S&P 500 was down 2.2%, and the Nasdaq Composite was down 3.6%. During the first half of 2022, Pinterest has lost 50% of its value.