'We're trying to be transparent and ... we want to focus on the long term,' CEO Ben Silbermann says.
since going public last month. The stock dropped nearly 14% during the session after the company posted a wider loss per share than Wall Street expected.
Pinterest reported a loss per share of 32 cents, compared with Refinitiv consensus estimate of 11 cents per share. However, the social media platform beat revenue estimates by $1.3 million. Revenue grew 54% year over year, Silbermann noted. "We're definitely in the growth phase of our business. We've tried to be very transparent and clear," he said.
"We want to build the best place to get inspiration," he said. "We want to build personalization, the best visual discovery tools, and then we want to make sure that if you see something you like, we can actually help you make it into reality."
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