Pinterest's Financial Performance Falls Short

In a surprising turn of events, Pinterest Inc. witnessed a significant drop in its futures early Friday morning. This downturn came hot on the heels of the company's second-quarter financial results, which failed to meet the lofty expectations set by the market.

By 4:24 am ET, the company's futures had plummeted by 11.72%, landing at a concerning $34.58. This sharp decline has left investors and market analysts alike scrambling to reassess their positions and forecasts for the social media giant.