Bronstein, Gewirtz & Grossman, LLC announced a class-action lawsuit against Pinterest, Inc. on May 3, 2026. The legal action names the company and certain officers as defendants.
The lawsuit alleges Pinterest made false and misleading statements between February 7, 2025, and February 12, 2026. It claims the company failed to disclose expected revenue declines from advertising partners.
The complaint asserts Pinterest overstated its resilience to macroeconomic challenges. It also alleges that the impact on advertising revenue was severe enough to make a restructuring likely.
Investors who purchased Pinterest stock during the specified period must act by May 29, 2026, to request appointment as lead plaintiff.