Pinterest Shouldn't Ignore These 3 Social-Commerce Challengers
Pinterest's (NYSE: PINS) stock soared nearly 400% over the past 12 months as its virtual pinboards continued to lock in more users. Its monthly active users (MAUs) increased 37% to 459 million in 2020, and its total revenue rose 48% to $1.69 billion.
Wall Street expects its revenue to jump 49% this year and another 36% next year. Two tailwinds will likely support that growth: its expansion into overseas markets, which already account for 79% of its MAUs, and the expansion of its "social commerce" business with more shoppable pins.
Image source: Pinterest.
Source Fool.com
