Why I Just Bought More Pinterest Stock
After avidly following the stock after its IPO in 2019, I finally decided to open up a starter position in Pinterest (NYSE: PINS) this past summer. And even though shares have doubled 2020 to date, I recently purchased more, because Pinterest has all the right pieces to grow into a much larger company in the years ahead.
In the digital economy, a key way to determine the future value of an online business is by the number of users it has. And in this regard, Pinterest shines. At the end of June 2020, monthly active users surged 39% year over year to 416 million, making the visual discovery company one of the largest internet communities around. Combining elements of internet search and social media, it's easy to see why it has picked up so many active accounts.
Source Fool.com
