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.”
