Pinterest new Chief Executive Bill Ready said he was going to emphasize profitability as he puts his imprint on the company as the weakened digital-advertising market has dented sales growth for the social-media platform and its peers.
“I do not subscribe to a growth-at-all-costs mentality,” Mr. Ready said on a call with analysts, adding he would scrutinize spending to boost profitability next year. “While I believe we need to invest in long-term growth, I also believe that constraints breed creativity and can lead to even better product outcomes.”
Pinterest Reports Lowest Revenue Growth in Two Years
Pinterest new Chief Executive Bill Ready said he was going to emphasize profitability as he puts his imprint on the company as the weakened digital-advertising market has dented sales growth for the social-media platform and its peers.
“I do not subscribe to a growth-at-all-costs mentality,” Mr. Ready said on a call with analysts, adding he would scrutinize spending to boost profitability next year. “While I believe we need to invest in long-term growth, I also believe that constraints breed creativity and can lead to even better product outcomes.”