Pinterest has a half-billion monthly active users, notches best day in years

Pinterest shares surged by roughly 20% Wednesday, posting their biggest gain in three years following its release of strong earnings results. It was the biggest single day rise for the stock in over three years, Bloomberg says.

Q1 sales jumped 22.8%, the fastest since 2021. Monthly active users hit a record 518 million. The company still lost money, though it narrowed to its loss to $24 million, from $209 million during the first quarter last year.