The Facebook boycott prompted advertisers to move to other platforms.
Social The media service Pinterest announced in its third interim report that both advertising sales and user numbers had grown better than expected, says news agency Bloomberg. The company’s revenue grew 58 percent to $ 443 million in the third quarter.
Following a review released the night between Wednesday and Thursday, Pinterest’s stock prices rose sharply, reaching 33 percent at its best. As late as evening, the rate was up 27 percent.
Pinterest is used, for example, to search for and share interior and food ideas like a scrapbook.
Service has benefited from a coronavirus pandemic and a boycott in July urging advertisers to suspend their campaigns on Facebook, says MarketWatch. Facebook has been accused of not being able to adequately curb racist and violent content as well as misinformation.