According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Pinterest was experiencing and/or was likely to experience reduced revenues from its advertising partners;
- Pinterest overstated its ability to manage the impact of U.S. tariffs on the macroeconomic environment in which Pinterest operated, including the foreseeable impact on its advertising partners;
- 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
- as a result, defendants’ public statements were materially false and misleading at all times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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