Pinterest, Inc. Class Action Lawsuit - PINS
Case Summary
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The Pinterest class action lawsuit seeks to represent purchasers or acquirers of Pinterest, Inc. (NYSE: PINS) securities between February 7, 2025 and February 12, 2026, inclusive (the “Class Period”). Captioned Uziel v. Pinterest, Inc., No. 26-cv-02745 (N.D. Cal.), the Pinterest class action lawsuit charges Pinterest and certain of Pinterest’s top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Pinterest class action lawsuit, please provide your information in the form on this page. You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Pinterest class action lawsuit must be filed with the court no later than May 29, 2026.
CASE ALLEGATIONS: Pinterest operates as a visual search and discovery platform.
The Pinterest class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (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 Pinterest 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 Pinterest class action lawsuit further alleges that on November 4, 2025, Pinterest reported financial results for the fiscal quarter ended September 30, 2025, announcing fourth quarter revenue guidance with a midpoint of $1.325 billion, below consensus expectations of $1.34 billion. During the earnings call, defendant CFO Julia Brau Donnelly allegedly advised that Pinterest “face[d] pockets of moderating ad spend . . . as larger U.S. retailers navigate tariff-related margin pressure in the current environment.” On this news, the price of Pinterest stock fell nearly 22%, according to the complaint.
Then, on January 27, 2026, Pinterest allegedly announced a “board-approved global restructuring plan . . . that includes a reduction in force that is expected to affect less than 15% of the Company’s workforce as well as office space reductions.” Pinterest allegedly stated that it “anticipates incurring total pre-tax restructuring charges of approximately $35 million to $45 million, which are expected to be primarily cash-related expenditures” and “is taking these actions to support its transformation initiatives, including but not limited to (i) reallocating resources to AI-focused roles and teams that drive AI adoption and execution, (ii) prioritizing AI-powered products and capabilities, and (iii) accelerating the transformation of its sales and go-to-market approach.” The Pinterest class action lawsuit alleges that on this news, the price of Pinterest stock fell nearly 10%.
Finally, the Pinterest class action lawsuit alleges that on February 12, 2026, Pinterest reported financial results for the fiscal quarter and year ended December 31, 2025, disclosing quarterly revenue of $1.32 billion, below the consensus estimate of $1.33 billion, and first quarter 2026 revenue guidance of $951 million to $971 million, below the consensus estimate of $980.6 million. During the earnings call, defendant CEO William Ready allegedly attributed Pinterest’s performance throughout 2025 to an “exogenous shock this year related to tariffs, which are disproportionately affecting ad spend from our top retail advertisers.” On this news, the price of Pinterest stock fell nearly 17%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Pinterest securities during the Class Period to seek appointment as lead plaintiff in the Pinterest class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Pinterest investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Pinterest shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Pinterest class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.