Second-ever quarterly earnings report marks tentative success for social network
Pinterest shares soared after its second-ever quarterly earnings report exceeded expectations on Thursday, representing tentative success for another Silicon Valley “unicorn”.
Pinterest joined a number of other tech “unicorns” – private companies valued at over $1bn – to list on the US stock markets when it filed to go public in March 2019. Its better-than-projected revenue and user growth caused shares to jump as much as 17% after markets closed for the day.
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