The revenue was higher than analysts’ expectations of US$235.5 million; it’s an increase of 62 per cent from Q2 2018. Its monthly active user base rose 30 per cent from the same period. Pinterest’s stock was up 18.52 per cent in late afternoon trading. (Business Insider)
Talking point: The image-sharing platform has largely eschewed the typical tech firm method of expansion, instead favouring slower, sustained growth. It’s still a small company relative to giants like Facebook and Google, but its size could be an advantage in avoiding antitrust investigations that the larger companies have been facing. And, Pinterest hasn’t been plagued by the same volume of privacy or content-moderation problems as the others have. When news broke earlier this year that anti-vaxxing posts were going viral on its platform, Pinterest opted to block such content entirely. It’s a stark difference from bigger social media firms like YouTube and Twitter, which users have accused of being neglectful and inconsistent in their content moderation.