Pinterest kicked off the era under new Chief Executive Bill Ready by posting its lowest revenue growth in two years and signaling a further slowdown, reflecting the weakened digital-advertising market that also has hit its social-media peers.
The San Francisco company said revenue rose 9% to $666 million for the June-ended quarter, in line with what analysts polled by FactSet were expecting. Though Pinterest has been working in recent years to move into e-commerce, all of its revenue still comes from digital advertising.
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