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Why Pinterest Stock Fell on Friday

Pinterest (NYSE: PINS) shareholders lost ground to the market on Friday, as shares fell 3% by 3 p.m. ET, compared with a 1.5% decline in the S&P 500. The downtick contributed to a wider decline for the digital media stock, which is down nearly 50% since the start of 2022. Part of Pinterest’s drop might be powered by concerns about a recent acquisition it made, which was announced on Thursday.