Pinterest projected current-quarter revenue below estimates, facing competition from bigger rivals like Meta's Instagram and Facebook.
Weakness in demand from consumer goods advertisers, particularly food and beverage companies, offset ad spend growth in technology and financial services sectors.
Concerns arise about potential spread of food & beverage pressure to other verticals, affecting Pinterest's ad revenue.
Pinterest's lack of benefit from political ads, unlike Meta and Alphabet, could further impact its performance in the ad market.
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