Pinterest’s Stock Surges 20% After Reaching $1 Billion in Sales

Pinterest Inc. saw its stock price nearly double after hours of trading Thursday, reaching an 18.5% surge. The photo-sharing platform reported stronger-than-expected user growth and record-breaking quarterly sales exceeding $1 billion. This milestone marks a significant shift for Pinterest’s business, sparking hopes that it is on a path to long-term success.

Source: https://www.marketwatch.com/story/pinterests-stock-is-soaring-as-platform-gets-more-users-and-hits-its-first-1-billion-sales-quarter-f7ebe323