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Is Pinterest Stock a Buy?

TheMotleyFool

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Social media stocks have exploded over the past year, and Pinterest (NYSE: PINS) has been one of the biggest winners.

The sector went from initially being a victim of the COVID-19 lockdown as advertisers scaled back on spending to then reaping the rewards of occupying a high-traffic digital channel during a period when things like screen time and online shopping have been up sharply.

Pinterest stock has nearly quadrupled since the beginning of 2020 as sales surged in the second half of the year, and profitability improved significantly as well.

Source Fool.com

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