Thesis: economics, analyst: grizzly-research, sector: cmt.
Pinterest is losing user engagement at steep rates, while driving users away with ever- increasing ad spam. We present an unprecedented and comprehensive analysis of a large array of different data sets from mutually independent sources that all confirm this conclusion.With its ad rates already priced at bottom-level by advertisers, Pinterest hides the wreckage of its core business by reporting cleverly cherry-picked but misleading performance metrics, while expanding into financially fruitless low-income markets.
Pinterest even pays for search traffic to window-dress key performance indicators whenever necessary, and we believe it engages fraudulent click-farms to secure KPIs, ad revenue and the CEO’s stock option value.
More ... latest change: 2026-02-28
Last updated: 2026-03-07 by automated standardization process
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