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Shares of Pinterest (NYSE: PINS) plummeted by 21.9% after the company’s fourth-quarter revenue missed analyst expectations, though EPS beat. The next quarter’s revenue guidance also fell below expectations, sparking concerns about the company’s competitiveness in the digital ad landscape. Despite adding new users and beating expectations for MAUs, the overall results were weak compared to industry leaders like Meta. Volatility in Pinterest’s shares indicates a significant impact on market perception. The stock is currently trading 10.8% below its 52-week high.

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Read more: Why Pinterest (PINS) Shares Are Getting Obliterated Today