Is Pinterest Stock a Buy After Q3 Earnings?
One of the most addictive features of social media is scrolling through videos and pictures. Whether it's a landscape of the Tuscan countryside on Instagram, funny videos of cats on X (formerly Twitter), or a dance routine on TikTok, viral content has a way of connecting people from all around the world.
Image-sharing application Pinterest (NYSE: PINS) is one of the forefathers of social media, but in a world dominated by Facebook and Instagram, which are both owned by Meta Platforms, some investors might worry that other social media platforms are perpetually playing a game of catch-up.
While I've expressed some concerns about Pinterest as an investment before, I will admit the company's Q3 earnings contained some positive nuggets. Pinterest continues to gain momentum with the highly coveted Gen Z population, and it's making considerable progress in its advertising and online shopping businesses. Let's dig into Pinterest's Q3 earnings report and assess if now is a good time to buy the stock.
Source Fool.com
