Shares of Pinterest Inc. fell 17% in extended trading after the company posted a wider-than-expected loss in its first quarterly report following its public-market debut.
The San Francisco-based visual and photo-sharing company on Thursday reported a first-quarter net loss of $41.4 million, or 33 cents a share, compared with a net loss of $52.7 million, or 42 cents a share, a year earlier.
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A profitless company cashed out to greater fools at peak hype and morons are taking a loss. I'm shocked. Mouth agape.
Why do you think they rushed with the IPO?
rob_52