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New users are hard to come by, so everyone’s fighting for the old ones
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The land grab is over. Now everyone’s just redecorating. Growth stalled, revenue didn’t: Pinterest pulled in $1.18 billion last quarter, up 18% year over year, while US, Canada, and Europe usage went flat. But all of the growth came from the Rest of World, where revenue per user is lowest. AI-powered matching is carrying that...
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