True or False: Custom bids allow Pinterest to adjust and update your maximum bid amount automatically several times a day.

The statement describes the functionality of Automatic Bidding, not Custom Bidding. On Pinterest, the two strategies differ significantly in terms of control and automation: Custom Bidding (Manual): With this option, you set the maximum amount you are willing to pay for a specific action (like a click or impression). Pinterest will not change this value for you; if you want to adjust your bid to remain competitive or save costs, you must manually update it in Ads Manager. Automatic Bidding: This is the feature that allows Pinterest to manage your bids. The platform's algorithm automatically adjusts and updates your bid amounts several times a day in real-time auctions. The goal of automatic bidding is to get you the most results (clicks or conversions) for the lowest possible cost while aiming to spend your entire daily budget.