A securities class action has been filed against Pinterest, Inc. (PINS) on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Pinterest securities between February 7, 2025 through February 12, 2026. This case has been filed in the USDC – NDCA.
On January 27, 2026, Pinterest announced a “board-approved global restructuring plan . . . that includes a reduction in force that is expected to affect less than 15% of the Company’s workforce as well as office space reductions.” Pinterest said that it “anticipates incurring total pre-tax restructuring charges of approximately $35 million to $45 million, which are expected to be primarily cash-related expenditures” and “is taking these actions to support its transformation initiatives, including but not limited to (i) reallocating resources to AI-focused roles and teams that drive AI adoption and execution, (ii) prioritizing AI–powered products and capabilities, and (iii) accelerating the transformation of its sales and go-to-market approach.”
On this news, Pinterest’s stock price fell $2.49 per share, or 9.61%, to close at $23.41 per share on January 27, 2026.
The complaint alleges that hroughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Pinterest was experiencing and/or was likely to experience reduced revenues from its advertising partners; (ii) Pinterest overstated its ability to manage the impact of U.S. tariffs on the macroeconomic environment in which the Company operated, including the foreseeable impact on its advertising partners; (iii) the impact of the foregoing on Pinterest’s advertising revenues was significant enough that Pinterest was facing and/or likely to face an imminent restructuring; and (iv) as a result, Defendants’ public statements were materially false and misleading at all times.