Pinterest's IPO filing shows how dependent websites and apps have become on Google and Facebook

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Pinterest says changes by Google and Facebook in early 2018 negatively impacted its user growth.

Pinterest on Friday released its IPO prospectus, and the document shows just how much leverage Facebook and Google hold over internet companies.

"Our ability to appeal these actions is limited, and we may not be able to revise our search engine optimization strategies to recover the loss in traffic or user growth resulting from such actions," Pinterest said in the prospectus.

 

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