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After Q2 Earnings, I'm Sticking With Pinterest for These 3 Reasons

TheMotleyFool

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After Q2 Earnings, I'm Sticking With Pinterest for These 3 Reasons: https://g.foolcdn.com/editorial/images/742504/looking-at-social-media-from-a-laptop-at-home-while-drinking-coffee.jpg

Pinterest (NYSE: PINS) is likely on the verge of a rebound. The company released its earnings for the second quarter on Aug. 1, and the stock sold off slightly in the following trading session.

No, the rapid growth during the pandemic has not yet returned. Nonetheless, the company is in the midst of a strategic pivot, and that change of direction is already bearing fruit. With that in mind, three reasons explain why I'm sticking with Pinterest stock.

In Q2, Pinterest reported a monthly active user (MAU) base of 465 million, up 8% year over year. This is a significant change from late 2021 and early 2022 when MAUs declined for three straight quarters.

Source Fool.com

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