Better Buy: Pinterest vs. Meta Platforms
Pinterest (NYSE: PINS) and Meta Platforms (NASDAQ: META) are two very different social media companies. Pinterest, which served 450 million monthly active users (MAUs) at the end of 2022, carved out a niche market with its virtual pinboards for ideas, interests, and hobbies. Meta, the largest social media company in the world, served 3.74 billion people on a monthly basis across its "family" of four main apps: Facebook, Messenger, Instagram, and WhatsApp.
Both stocks hit their all-time highs during the buying frenzy in growth stocks in 2021. But Pinterest and Meta now trade about 70% and 50%, respectively, below those levels. They both spooked the bulls with their macro and company-specific problems, and rising rates exacerbated the pain. Could either of these fallen social media stocks be worth buying again?
Image source: Getty Images.
Source Fool.com
