PINTEREST, INC.

Pinterest is an AI-powered visual search and discovery platform that combines elements of search, social media, and e-commerce. The company provides a unique experience where users can move from finding inspiration to taking action within a single online platform, accessible via its mobile application or the web. Users utilize Pinterest to discover relevant ideas, which they then implement. The platform facilitates this process by allowing users to browse visual content, known as "Pins," to refine their preferences and find suitable ideas. Users engage with the platform through multi-session journeys to find inspiration, curate styles, plan projects, and shop from various brands. This activity occurs at a significant scale, with billions of searches and saves each month, predominantly through visual queries. The company leverages unique, first-party, intent-based signals from user actions to power its AI-based recommendation systems, which deliver relevant and engaging content. AI also helps advertisers reach users with high commercial intent. The platform's inspiration-to-action journey aligns with the advertiser marketing funnel, enabling brands to connect with customers at every stage, from discovery to purchase, through digital advertisements. Pinterest aims to create a positive and brand-safe environment through its policies and product development. The platform serves 619 million monthly active users globally who seek new ideas, refine their tastes, and realize those ideas. Women constitute approximately two-thirds of Pinterest's total user base.