BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Pinterest, Inc. (“Pinterest” or the “Company”) (NYSE: PINS) securities between February 7, 2025 and February 12, 2026, inclusive (the “Class Period”). Pinterest investors have until May 29, 2026 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN PINTEREST, INC. (PINS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On November 4, 2025, Pinterest released its third quarter 2025 financial results and announced its fourth quarter revenue guidance with a midpoint of $1.325 billion, below consensus expectations of $1.34 billion, stating that the Company “face[d] pockets of moderating ad spend . . . as larger U.S. retailers navigate tariff-related margin pressure in the current environment”.
On this news, Pinterest’s stock price fell $7.16, or 21.8%, to close at $25.75 per share on November 5, 2025, thereby injuring investors.
Then, on January 27, 2026, Pinterest announced a “global restructuring plan” that involved a “reduction in force . . . expected to affect less than 15% of the Company’s workforce as well as office space reductions.” The Company also stated that it “anticipate[d] incurring total pre-tax restructuring charges of approximately $35 million to $45 million, which are expected to be primarily cash-related expenditures” and “is taking these actions to support its transformation initiatives, including but not limited to (i) reallocating resources to AI-focused roles and teams that drive AI adoption and execution, (ii) prioritizing AI-powered products and capabilities, and (iii) accelerating the transformation of its sales and go-to-market approach.”
On this news, Pinterest’s stock price fell $2.49, or 9.6%, to close at $23.41 per share on January 27, 2026.
Then, on February 12, 2026, Pinterest released its fourth quarter 2025 financial results, revealing quarterly revenue of $1.32 billion, below the consensus estimate of $1.33 billion, and provided Q1 2026 revenue guidance of $951 million to $971 million, below the consensus estimate of $980.6 million. The Company cited “an exogenous shock . . .related to tariffs,” and stated that it “expect[s] these [tariff] headwinds will continue and may become slightly more pronounced in Q1”.
On this news, Pinterest’s stock price fell $3.12, or 16.8%, to close at $15.42 per share on February 13, 2026, thereby injuring investors further.
What Is The Lawsuit About?
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 that: (1) Pinterest was experiencing and/or was likely to experience reduced revenues from its advertising partners; (2) Pinterest overstated its ability to manage the impact of U.S. tariffs on the macroeconomic environment in which the Company operated, including the foreseeable impact on its advertising partners; (3) the impact of the foregoing on Pinterest’s advertising revenues was significant enough that Pinterest was facing and/or likely to face an imminent restructuring; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased Pinterest securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com
