NEW YORK--(BUSINESS WIRE)--May 29, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Pinterest, Inc. (“Pinterest” or the “Company”) (NYSE: PINS) and reminds investors of the May 29, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260529436906/en/
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose 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’ public statements were materially false and misleading at all times.
The truth began to emerge on November 4, 2025, when Pinterest announced its financial results for the fiscal quarter ended September 30, 2025. Among other items, Pinterest announced Q4 revenue guidance with a midpoint of $1.325 billion, below consensus expectations of $1.34 billion. Pinterest advised that it "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 per share, or 21.76%, to close at $25.75 per share on November 5, 2025.
Then, on January 27, 2026, Pinterest announced a "board-approved global restructuring plan . . . that includes a reduction in force that is expected to affect less than 15% of the Company's workforce as well as office space reductions." Pinterest said that it "anticipates 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 per share, or 9.61%, to close at $23.41 per share on January 27, 2026.
Then, on February 12, 2026, Pinterest announced its financial results for the fiscal quarter and year ended December 31, 2025. Among other items, Pinterest announced 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. Chief Executive Officer William Ready attributed Pinterest's performance throughout 2025 to an "exogenous shock this year related to tariffs, which are disproportionately affecting ad spend from our top retail advertisers" and Chief Financial Officer Julia Donnelly reported that "we expect these [tariff] headwinds will continue and may become slightly more pronounced in Q1".
On this news, Pinterest's stock price fell $3.12 per share, or 16.83%, to close at $15.42 on February 13, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Pinterest’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Pinterest class action, go to www.faruqilaw.com/PINS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
PINS FINAL UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds Pinterest (PINS) Investors of Securities Class Action Deadline on May 29, 2026
U.S. and Iranian negotiators reached a tentative agreement Thursday to extend the ceasefire in the 3-month-old war by 60 days and start a new round of talks on Iran’s nuclear program, according to a U.S. official familiar with the matter. Iran did not immediately confirm any deal. Vice President JD Vance on Thursday evening confirmed there was a tentative agreement, but said it was unclear if President Donald Trump would approve it.
Meanwhile, former Attorney General Pam Bondi is testifying before House lawmakers investigating Jeffrey Epstein’s sexual abuse cases, a long-awaited appearance that brings fresh scrutiny of the administration’s botched release of the Epstein case files.
Here's the latest:
The former attorney general is appearing before House lawmakers as they investigate how the government has handled the investigations into Jeffrey Epstein.
Bondi was ousted as attorney general last month, but her in her previous testimony to Congress she has been defiant in the face of lawmakers’ questions about how the Department of Justice handled the release of case files on Epstein. She is also accompanied today by Department of Justice officials — an arrangement Democrats have criticized.
Several survivors of Epstein’s abuse also appeared outside the House office room where the interview is happening behind closed doors. They pressed the committee chair, Republican Rep. James Comer, to closely question Bondi.
“We want justice for the survivors, we do,” Comer told them.
Democrats may be in a more celebratory mood than usual as they gather Friday in South Carolina, a state led almost entirely by Republicans.
The party is holding events days after the GOP-led state Senate shot down an effort backed by President Donald Trump to redraw House district lines to help Republicans this fall. That move was aimed at ousting longtime Rep. Jim Clyburn, the state’s lone congressional Democrat and a party powerbroker who’s been in office since 1993.
Friday’s gatherings kick off with the Blue Palmetto Dinner, an annual party fundraiser that typically showcases potential presidential contenders and the party’s national figures. Kentucky Gov. Andy Beshear will be the headliner.
▶ Read more
Former Attorney General Pam Bondi is testifying before House lawmakers investigating Jeffrey Epstein’s sexual abuse cases, a long-awaited appearance that brings fresh scrutiny of the administration’s botched release of the Epstein case files.
Bondi was defiant in previous public testimony when she was confronted by lawmakers about the Epstein investigation. It’s unclear whether she’ll bring the same approach Friday, now that she is no longer in charge of the Justice Department. The session will be held behind closed doors.
The transcribed interview will give lawmakers a chance to dig for information on the Trump administration’s handling of the Epstein files and other related matters, including the prison sentence of his former girlfriend and confidant, Ghislaine Maxwell. The Justice Department moved Maxwell to a prison camp in Texas last August.
“I think she absolutely could clear up many missing pieces if she wanted to,” said Rep. Yassamin Ansari, an Arizona Democrat on the House Oversight Committee. “Now it’s a question of whether or not she is willing to be transparent.”
▶ Read more
A federal judge has declined to halt Trump’s executive order creating a federal voter list and limiting mail voting, clearing the way for potential sweeping changes in how American elections are run shortly before this year’s midterm elections.
U.S. District Judge Carl Nichols, a Trump appointee in Washington, late Wednesday rejected the request by Democrats and civil rights groups that had argued Trump’s order would likely be found unconstitutional because the states and Congress, not the president, have the power to set election rules. Nichols agreed with the Republican Trump administration’s contention that it was too early to block the order because it has yet to be implemented.
Nichols’ ruling leaves the door open for further challenges when the Trump administration moves to implement the president’s directive. A separate lawsuit seeking to block the executive order is underway in Boston. No matter how rapidly the administration acts, no voting changes are expected during primary elections, which continue into next month.
▶ Read more
Treasury Secretary Scott Bessent said Thursday that his department has prepared the design for a $250 bill featuring Trump, anticipating the passage of stalled legislation in Congress to put the president on a new denomination of legal tender.
Bessent said at the White House that authorizing the new currency will be up to lawmakers on Capitol Hill, but that “we’ve created the bill” because “we have to be prepared.”
The secretary downplayed the idea that the administration is pushing the matter, despite Trump’s penchant for infusing his name and likeness across the nation’s capital and into the observances of the 250th anniversary of the Declaration of Independence. Yet he also insisted there is nothing inappropriate about Trump’s visage being part of the seminal national celebration.
▶ Read more
The top federal prosecutor in Chicago denied Thursday evening that his office had opened an investigation into E. Jean Carroll, the longtime advice columnist who has said Trump sexually assaulted her 30 years ago, hours after multiple news organizations reported that the Justice Department was investigating whether she had lied during the course of civil litigation against Trump.
The Associated Press and other news organizations, citing anonymous sources, reported that the federal prosecutors’ office in Chicago had opened an investigation into Carroll.
But Andrew Boutros, the U.S. attorney for the Northern District of Illinois, issued a statement roughly 24 hours after the first report was published saying that his office “has not opened — and has never opened — a criminal investigation into E. Jean Carroll.”
A person familiar with the matter, who spoke on condition of anonymity to discuss an ongoing investigation, initially told the AP on Thursday morning that investigators were focused on Carroll but later clarified that the actual focus was on a nonprofit that had helped fund her case.
▶ Read more
U.S. and Iranian negotiators reached a tentative agreement Thursday to extend the ceasefire in the 3-month-old war by 60 days and start a new round of talks on Iran’s nuclear program, according to a U.S. official familiar with the matter.
Iran did not immediately confirm any deal. Vice President JD Vance on Thursday evening confirmed there was a tentative agreement, but said it was unclear if Trump would approve it.
“It’s hard to say exactly when or if the president’s going to sign,” Vance told reporters.
He added: “We’re going back and forth on a couple of language points.”
The emerging memorandum of understanding came as the fragile ceasefire in the war between the U.S. and Iran appeared to be wavering. The latest flare-up in fighting happened less than a day earlier, when Kuwait intercepted missiles fired from Iran, according to U.S. Central Command.
▶ Read more
— Aamer Madhani, Jon Gambrell, Michelle L. Price and Sam Metz
Equipment is seen being constructed on the South Lawn of the White House, Thursday, May 28, 2026, in Washington for a future UFC mixed martial arts fight to be held on June 14 as part of America 250 celebrations. (AP Photo/Manuel Balce Ceneta)
President Donald Trump speaks during a Cabinet meeting at the White House, Wednesday, May 27, 2026, in Washington. (AP Photo/Jacquelyn Martin)
President Donald Trump departs Walter Reed National Military Medical Center, Tuesday, May 26, 2026, in Bethesda, Md. (AP Photo/Alex Brandon)
