Pinterest Inc. Class A Common Stock (NYSE: PINS)
Company Name:Pinterest Inc. Class A Common Stock
Stock Symbol:NYSE: PINS
Class Period Start:02/04/2021
Class Period End (inclusive):04/27/2021
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that user growth was already slowing; (2) that, as a result, the Company expected user engagement to slow in the second quarter of 2021; and (3) that, as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.