{"success":true,"data":{"pressRelease":{"id":"30683","rtpr_id":"nNFC6Qt6mj","ticker":"PINS","exchange":"NYSE","all_tickers":["PINS"],"title":"PINS SHAREHOLDER RIGHTS ALERT: Faruqi & Faruqi, LLP Reminds Pinterest (PINS) Investors of Securities Class Action Deadline on May 29, 2026","author":"Newsfile Corp","published_at":"2026-05-11T23:26:17.537Z","article_body":"Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://api.newsfilecorp.com/redirect/ejXeBfMEYE) Encourages Investors Who\nSuffered Losses In Pinterest To Contact Him Directly To Discuss Their Options\n\nIf you purchased or acquired securities in Pinterest\n(https://api.newsfilecorp.com/redirect/8781JhOvRE) between February 7, 2025\nand February 12, 2026 and would like to discuss your legal rights, call Faruqi\n& Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.\n1310).\n\n[You may also click here for additional information]\n(https://api.newsfilecorp.com/redirect/y4nx8fbjzz)\n\nNew York, New York--(Newsfile Corp. - May 11, 2026) - Faruqi & Faruqi, LLP\n(https://api.newsfilecorp.com/redirect/1K8ODCRknA), a leading national\nsecurities law firm, is investigating potential claims against Pinterest, Inc.\n(\"Pinterest\" or the \"Company\") (NYSE: PINS) and reminds investors of the May\n29, 2026 deadline to seek the role of lead plaintiff in a federal securities\nclass action that has been filed against the Company.\n\n(https://images.newsfilecorp.com/files/6455/296952_d306967364c32b2f_001full.jpg)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in New\nYork, Pennsylvania, California and Georgia. The firm has recovered hundreds of\nmillions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) Pinterest was experiencing and/or was\nlikely to experience reduced revenues from its advertising partners; (2)\nPinterest overstated its ability to manage the impact of U.S. tariffs on the\nmacroeconomic environment in which the Company operated, including the\nforeseeable impact on its advertising partners; (3) the impact of the\nforegoing on Pinterest's advertising revenues was significant enough that\nPinterest was facing and/or likely to face an imminent restructuring; and (4)\nas a result, Defendants' public statements were materially false and\nmisleading at all times.\n\nThe truth began to emerge on November 4, 2025, when Pinterest announced its\nfinancial results for the fiscal quarter ended September 30, 2025. Among other\nitems, Pinterest announced Q4 revenue guidance with a midpoint of $1.325\nbillion, below consensus expectations of $1.34 billion. Pinterest advised that\nit \"face[d] pockets of moderating ad spend . . . as larger U.S. retailers\nnavigate tariff-related margin pressure in the current environment\".\n\nOn this news, Pinterest's stock price fell $7.16 per share, or 21.76%, to\nclose at $25.75 per share on November 5, 2025.\n\nThen, on January 27, 2026, Pinterest announced a \"board-approved global\nrestructuring plan . . . that includes a reduction in force that is expected\nto affect less than 15% of the Company's workforce as well as office space\nreductions.\" Pinterest said that it \"anticipates incurring total pre-tax\nrestructuring charges of approximately $35 million to $45 million, which are\nexpected to be primarily cash-related expenditures\" and \"is taking these\nactions to support its transformation initiatives, including but not limited\nto (i) reallocating resources to AI-focused roles and teams that drive AI\nadoption and execution, (ii) prioritizing AI powered products and\ncapabilities, and (iii) accelerating the transformation of its sales and\ngo-to-market approach.\"\n\nOn this news, Pinterest's stock price fell $2.49 per share, or 9.61%, to close\nat $23.41 per share on January 27, 2026.\n\nThen, on February 12, 2026, Pinterest announced its financial results for the\nfiscal quarter and year ended December 31, 2025. Among other items, Pinterest\nannounced quarterly revenue of $1.32 billion, below the consensus estimate of\n$1.33 billion, and provided Q1 2026 revenue guidance of $951 million to $971\nmillion, below the consensus estimate of $980.6 million. Chief Executive\nOfficer William Ready attributed Pinterest's performance throughout 2025 to an\n\"exogenous shock this year related to tariffs, which are disproportionately\naffecting ad spend from our top retail advertisers\" and Chief Financial\nOfficer Julia Donnelly reported that \"we expect these [tariff] headwinds will\ncontinue and may become slightly more pronounced in Q1\".\n\nOn this news, Pinterest's stock price fell $3.12 per share, or 16.83%, to\nclose at $15.42 on February 13, 2026.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nPinterest's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the Pinterest class action, go to www.faruqilaw.com/PINS\nor call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://api.newsfilecorp.com/redirect/anOmGUM5Nq), on X\n(https://api.newsfilecorp.com/redirect/248Rrf1YXv), or on Facebook\n(https://api.newsfilecorp.com/redirect/Mq2vEHqLrV).\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or\npredict a similar outcome with respect to any future matter. We welcome the\nopportunity to discuss your particular case. All communications will be\ntreated in a confidential manner.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/296952","article_body_html":"","raw_payload":{"data":{"id":"nNFC6Qt6mj","title":"PINS SHAREHOLDER RIGHTS ALERT: Faruqi & Faruqi, LLP Reminds Pinterest (PINS) Investors of Securities Class Action Deadline on May 29, 2026","author":"Newsfile Corp","ticker":"PINS","created":"2026-05-11T23:26:17.537Z","tickers":["PINS"],"exchange":"NYSE","article_body":"Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://api.newsfilecorp.com/redirect/ejXeBfMEYE) Encourages Investors Who\nSuffered Losses In Pinterest To Contact Him Directly To Discuss Their Options\n\nIf you purchased or acquired securities in Pinterest\n(https://api.newsfilecorp.com/redirect/8781JhOvRE) between February 7, 2025\nand February 12, 2026 and would like to discuss your legal rights, call Faruqi\n& Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.\n1310).\n\n[You may also click here for additional information]\n(https://api.newsfilecorp.com/redirect/y4nx8fbjzz)\n\nNew York, New York--(Newsfile Corp. - May 11, 2026) - Faruqi & Faruqi, LLP\n(https://api.newsfilecorp.com/redirect/1K8ODCRknA), a leading national\nsecurities law firm, is investigating potential claims against Pinterest, Inc.\n(\"Pinterest\" or the \"Company\") (NYSE: PINS) and reminds investors of the May\n29, 2026 deadline to seek the role of lead plaintiff in a federal securities\nclass action that has been filed against the Company.\n\n(https://images.newsfilecorp.com/files/6455/296952_d306967364c32b2f_001full.jpg)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in New\nYork, Pennsylvania, California and Georgia. The firm has recovered hundreds of\nmillions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) Pinterest was experiencing and/or was\nlikely to experience reduced revenues from its advertising partners; (2)\nPinterest overstated its ability to manage the impact of U.S. tariffs on the\nmacroeconomic environment in which the Company operated, including the\nforeseeable impact on its advertising partners; (3) the impact of the\nforegoing on Pinterest's advertising revenues was significant enough that\nPinterest was facing and/or likely to face an imminent restructuring; and (4)\nas a result, Defendants' public statements were materially false and\nmisleading at all times.\n\nThe truth began to emerge on November 4, 2025, when Pinterest announced its\nfinancial results for the fiscal quarter ended September 30, 2025. Among other\nitems, Pinterest announced Q4 revenue guidance with a midpoint of $1.325\nbillion, below consensus expectations of $1.34 billion. Pinterest advised that\nit \"face[d] pockets of moderating ad spend . . . as larger U.S. retailers\nnavigate tariff-related margin pressure in the current environment\".\n\nOn this news, Pinterest's stock price fell $7.16 per share, or 21.76%, to\nclose at $25.75 per share on November 5, 2025.\n\nThen, on January 27, 2026, Pinterest announced a \"board-approved global\nrestructuring plan . . . that includes a reduction in force that is expected\nto affect less than 15% of the Company's workforce as well as office space\nreductions.\" Pinterest said that it \"anticipates incurring total pre-tax\nrestructuring charges of approximately $35 million to $45 million, which are\nexpected to be primarily cash-related expenditures\" and \"is taking these\nactions to support its transformation initiatives, including but not limited\nto (i) reallocating resources to AI-focused roles and teams that drive AI\nadoption and execution, (ii) prioritizing AI powered products and\ncapabilities, and (iii) accelerating the transformation of its sales and\ngo-to-market approach.\"\n\nOn this news, Pinterest's stock price fell $2.49 per share, or 9.61%, to close\nat $23.41 per share on January 27, 2026.\n\nThen, on February 12, 2026, Pinterest announced its financial results for the\nfiscal quarter and year ended December 31, 2025. Among other items, Pinterest\nannounced quarterly revenue of $1.32 billion, below the consensus estimate of\n$1.33 billion, and provided Q1 2026 revenue guidance of $951 million to $971\nmillion, below the consensus estimate of $980.6 million. Chief Executive\nOfficer William Ready attributed Pinterest's performance throughout 2025 to an\n\"exogenous shock this year related to tariffs, which are disproportionately\naffecting ad spend from our top retail advertisers\" and Chief Financial\nOfficer Julia Donnelly reported that \"we expect these [tariff] headwinds will\ncontinue and may become slightly more pronounced in Q1\".\n\nOn this news, Pinterest's stock price fell $3.12 per share, or 16.83%, to\nclose at $15.42 on February 13, 2026.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nPinterest's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the Pinterest class action, go to www.faruqilaw.com/PINS\nor call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://api.newsfilecorp.com/redirect/anOmGUM5Nq), on X\n(https://api.newsfilecorp.com/redirect/248Rrf1YXv), or on Facebook\n(https://api.newsfilecorp.com/redirect/Mq2vEHqLrV).\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or\npredict a similar outcome with respect to any future matter. We welcome the\nopportunity to discuss your particular case. All communications will be\ntreated in a confidential manner.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/296952"},"type":"article","timestamp":"2026-05-11T23:26:17.581838616Z","server_sent_at_ms":1778541977581},"received_at":"2026-05-11T23:26:17.638Z","source_url":"https://www.newsfilecorp.com/release/296952"},"analysis":{"id":"22736","press_release_id":"30683","analysis_json":{"redFlags":[],"eventType":"legal_litigation","narrative":"Faruqi & Faruqi, LLP issued a shareholder-solicitation notice for Pinterest, Inc. 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