I've experienced something like a 90% drop in traffic from Pinterest since we replatformed our website.
We run ads and there's a massive discrepancy between the number of clicks ads is showing too (I know not all clicks will make it to the website, but we're talking GA shows about 2 a day, where Pinterest analytics has outbound clicks at about 40/day.
Tag manager code seems to be installed fine and I am searching for 'pinterest' in referrals in GA rather than source.
Anyone have any ideas what it could be? I know we will have lost some of our traffic from old links, but it can't be the whole reason.
Thanks for your help, this is driving me a bit mad!
I don't have an answer for you but I have read that Google Analytics sometimes reports Pinterest clicks as "direct" traffic.
Sorry to hear about your traffic drop. I completely understand your frustration.
A couple of things that may be worth considering:
If you would like support to look into this issue you can submit a ticket here.
I hope this helps!