3 Years Ago
2 Min Read

PINS is making big moves today. Find out why the stock is trading -14% lower:



Shares of Pinterest Inc (PINS) are trading -14% lower at a price of $18.035 at the time of this writing.

Pinterest Inc has been trading between a 52-week high of $77.92 and a 52-week low of $16.14. The stock has a market cap of $11.1 Billion.

Pinterest is a visual discovery engine people use to find inspiration for their lives, including recipes, home and style ideas, travel destinations and more. People have saved more than 240 billion Pins across a range of interests, which others with similar tastes can discover through search and recommendations. Headquartered in San Francisco, Pinterest launched in 2010 and has hundreds of millions of monthly active users around the world.

Headlines


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Why Are Social Media Stocks META, TWTR, SNAP, PINS Down Today?
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Social media stocks slump as Twitter, Snap warn of dire ad spending
Financial Post 07-22-22

Nasdaq falls as Snap plunges, but is still headed for a strong weekly gain
Kwhen Finance 07-22-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

VisualMod - 8 upvotes - source
>Social media stocks fall as $Snap sounds ad spending alarm \>Shares of social media companies including $META, $TWTR and $PINS fall between 2.5% and 6.3% premarket ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-22 ^06:07:03 ^EDT-0400

avctl - 7 upvotes - source
Snap collateral damage reaches out to advertising sensitive tickers. Meta, Pins, twtr on the social side and mgni, ttd, goog and apps on the service side.

WiseIndustry2895 - 2 upvotes - source
Meta, pins, Twitter all down in sympathy of Snap

stiveooo - 2 upvotes - source
yes cause i sold 100%, same with pypl, pins, algn and all that shit shit. the worst part? i didnt sell my other stuff even though they were behaving in the same way.

awkwardhodl - 2 upvotes - source
Well I got some pins calls in case snap hadn't missed earnings so I might dump those we'll see. Might try to scalp some tesla and spy puts depending on how the morning goes.

MotorizedDoucheCanoe - 1 upvotes - source
1) lay off the coke 2) online advertising wayyyy down and probably going to fuck meta, goog, pins, etc

newengineer94 - 1 upvotes - source
Every social media company drops: googl, meta, pins, etc. that drives down indices.

BorisYeltzen - 1 upvotes - source
I'm up already bro - told you I got PTSD from Amazon and PINS earnings last year

HBOMinimum - 1 upvotes - source
I set my watchlist’s default to % down. It makes me feel better to see people down more than me Lol @ PINS / PTON people today

davsp100 - 1 upvotes - source
this PINS looking real interesting tomorrow....Elliott hasnt said a peep.