Pros
If you find the right manager (and there are a couple who are brilliant) it can be a great place to work. BTW there are only 2 of them in the product organization and they work out of the SF offices.
Cons
Notice that Pinterest posts a blanket statement in response to any feedback about how they can improve telling employees to call a hotline? Leadership knows and has been aware of the issues aka "the old boys club". It's been going on long before I joined and will remain. There have been many women and BIPOC who went to HR about reprehensible behavior by their manager to be put on a development plan. I luckily didn't go to HR and managed to get transferred then I got a promotion! Many good product managers in SF have been asked to transfer to Seattle and everyone does everything they can to get out of it. Let that be an indication that some product roles inside the Seattle office have very toxic management. The sexism and derogatory treatment is so gross. The male managers in the Seattle office "mansplain" and think that their previous experience working at Microsoft makes them good Product people, when in fact they were Project managers (not Product) on Bing. Everyone knows that Bing is a failed product. Warning for product folks considering working at Pinterest, if you want to grow in your career and be a better Product person don't bother looking at Pinterest.