8/10/2023 0 Comments Pinterest nyse pinsFinancial results released for the first quarter of 2021 showed a huge 78% increase in revenue year on year, coming in at $485m for the quarter. The Pins share price chart shows that in the first quarter of 2021 the stock experienced higher degrees of volatility than in previous years due to uncertainty surrounding the long-term effects of the global pandemic on advertising revenues. As of May 2021, the company was trading within the 52-week range of $15.82-$89.90. The Pinterest share price has risen steadily since the market crash of March 2020 when it hit the lowest price in its history at $12.21. Pinterest has also experienced rapid growth in international markets, in particular Brazil and the rest of Latin America. As of Q1 2021, the company has over 478 million active monthly users and is growing significantly in the under-25 male segment. The stock quickly rose from its initial offering to $19.00 to close its first day at $24.40. After garnering huge volumes of attention, the company went public with an initial public offering (IPO) on 18 April 2019. After a relatively slow beta release, the company grew rapidly after an AppStore launch in 2011. The company was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp in 2009. Popular themes include recipe ideas, fashion, home decor and DIY projects. Pinterest is an American social networking platform that allows users to interface with visual recommendations to explore inspirational ideas.
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