PINS - Pinterest Shares Climb Despite Grizzly Research Short Report | Benzinga
Investors are watching Pinterest, Inc. (NYSE:PINS) shares after Grizzly Research released a short report on the company.
The Details: Grizzly Research released the report titled, “We Believe Pinterest is in a Death Spiral but Misleadingly Doctors its Terrible Performance Statistics” which contains claims user engagement on the platform is falling.
Benzinga contacted Pinterest for comment but did not receive a response prior to publication.
The Grizzly Research report claims that the platform's number of reported active users has been stagnant, and the company focuses on "Monthly Active Users" as its predominant KPI metric to "conceal the decline in user engagement and value."
The report also claims Pinterest is losing traffic in Western markets and covers the losses by highlighting ...