Overview

A class action lawsuit has been filed against Pinterest, Inc. (“Pinterest” or the “Company”) (NYSE : PINS) and certain of the Company’s senior executive officers (collectively, “Defendants”), alleging violations of the federal securities laws. The Pinterest lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Pinterest securities between February 7, 2025, and February 12, 2026, both dates inclusive (the “Class Period”). Investors have until May 29, 2026, to seek appointment as lead plaintiff of the Pinterest class action lawsuit.

Pinterest is a visual social media platform on which users organize various kinds of content into “boards,” which serve as inspiration for projects the user hopes to complete. Often, the content on these boards includes products or services that advertisers sell to Pinterest’s users.

The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and omissions of material fact regarding the Company’s business, operations, and prospects. Specifically, Defendants’ misrepresentations and omissions include: (i) Pinterest was experiencing and/or was likely to experience reduced revenues from its advertising partners; (ii) 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; and (iii) 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.

The truth began to emerge on November 4, 2025, when Pinterest reported weaker-than-expected guidance and acknowledged moderating ad spend tied to tariff-related pressures. On this news, Pinterest’s stock price fell $7.16 per share, or nearly 22%, to close at $25.75 per share on November 5, 2025.

Then, on January 27, 2026, Pinterest announced a global restructuring plan, including workforce reductions of up to 15%. On this news, Pinterest’s stock price fell $2.49 per share, or 9.6%, to close at $23.41 per share on January 27, 2026.

Then, on February 12, 2026, the Company reported disappointing financial results and warned that tariff-related headwinds affecting its largest advertisers would persist. On this news, Pinterest’s stock price fell $3.12 per share, or nearly 17%, to close at $15.42 per share on February 13, 2026.

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If you purchased or otherwise acquired Pinterest securities between February 7, 2025, and February 12, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Pinterest class action lawsuit is May 29, 2026.