Pinterest(US:PINS) Businesswire·2026-03-31 16:07Core Viewpoint - A class action lawsuit has been filed against Pinterest, Inc. for securities fraud, affecting shareholders who acquired securities between February 7, 2025, and February 12, 2026, with a deadline for filing a lead plaintiff motion set for May 29, 2026 [1][2]. Financial Performance - On November 4, 2025, Pinterest reported third quarter 2025 financial results, with a revenue guidance midpoint of $1.325 billion, which was below the consensus expectation of $1.34 billion, leading to a stock price drop of $7.16, or 21.8%, to close at $25.75 per share on November 5, 2025 [3]. - On January 27, 2026, Pinterest announced a global restructuring plan affecting less than 15% of its workforce and anticipated incurring pre-tax restructuring charges of approximately $35 million to $45 million, resulting in a stock price decline of $2.49, or 9.6%, to close at $23.41 per share [4]. - On February 12, 2026, Pinterest released its fourth quarter 2025 financial results, reporting 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, which was also below the consensus estimate of $980.6 million. Following this announcement, the stock price fell $3.12, or 16.8%, to close at $15.42 per share on February 13, 2026 [5][6]. Allegations in the Lawsuit - The lawsuit alleges that Pinterest made materially false and misleading statements and failed to disclose adverse facts about its business and operations, including: 1. Reduced revenues from advertising partners [6]. 2. Overstated ability to manage the impact of U.S. tariffs on its operations [6]. 3. Significant impact on advertising revenues leading to an imminent restructuring [6]. 4. Misleading positive statements regarding the Company's business and prospects [6].