Pinterest (NYSE: PINS) and Block (NYSE: SQ) are two such examples, falling 72% and 78%, respectively, from their highs reached in 2021. Pinterest: A different breed of social media It's well documented that during times of economic uncertainty, marketing budgets are among the first line items on the income statement to get slashed. The one-two punch of near 40-year-high inflation and rising interest rates has hit consumers hard, who are now holding their purse strings a little tighter, forced to prioritize at the grocery store and the gas station.