Better Buy: Roku vs. Pinterest
Roku (NASDAQ: ROKU) and Pinterest (NYSE: PINS) both experienced major growth spurts during the pandemic as more people stayed at home. Roku sold more streaming devices as advertising revenues on its software platform (which also runs on third-party devices) consistently increased. Pinterest's virtual pinboards became a popular place to search for online shopping suggestions, recipes, DIY projects, and other stay-at-home activities.
But both companies faced tough slowdowns in a post-pandemic market as people spent more time outside again. Rising interest rates and other macro headwinds exacerbated that pressure by driving investors away from higher-growth tech stocks. That's why shares of Roku and Pinterest have declined roughly 77% and 32%, respectively, this year.
Image source: Getty Images.
Source Fool.com
