Pinterest announces new record high of 482 million active users - AI sets the growth flywheel in motion!

Pinterest (PINS) wants to become more "shoppable". Half of the users already consider Pinterest to be a shopping platform for inspiration provided in the form of clothing styles, furniture designs, vacation destinations or cooking recipes. The onerous post-pandemic growth normalization of stagnant user numbers appears to have been digested with Q3 results, which announced a new record high with an 8% increase in monthly active users (MAUs) to 482 million. Only 473 million users were expected. CEO Bill Ready emphasizes "As we focus on Pinterest's...