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By Jennifer Engevik — February 14, 2020

Why Pinterest Shares Fell 4% Because of Facebook Yesterday

Pinterest shares quickly fell more than 4% in after-hours trading on Thursday evening when news broke that Facebook has released a competing app. It’s called Hobbi and has officially been released in Spain, Columbia, Ukraine, and Belgium for initial testing. “Organize your photos into visual collections and see the progress you’re making over time,” reads …

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