Pinterest -2.6% as Facebook unveils similar app

Feb. 13, 2020 6:07 PM ETPinterest, Inc. (PINS)META, PINSBy: Jason Aycock, SA News Editor102 Comments
  • Pinterest (NYSE:PINS) is down 2.6% postmarket following the quiet release of a potential rival app from Facebook (NASDAQ:FB).
  • An experimental group within Facebook has put out Hobbi, an app for saving/sharing photos of activities like cooking and home improvement.
  • The app is available in the iOS App Store in Colombia, Belgium, Spain and Ukraine, The Information notes.

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