Let's hold up and talk about Pinterest for a while cause it's the only social media platform that doesn't seem to be talked about a lot and since it's IPO in April 2019 at a valuation of $10 billion the company has seen its stock price rise by about 2x, with its market cap standing at roughly $21 billion as of August 2020. The company has also grown its revenue by 60% in 2019 to $1.14 billion and narrowed its net loss to $63 million and with more than 410 million active monthly users you could say Pinterest has grown into a one of the largest social media platforms in the world and while this might somewhat true the same can't be said about Pinterest as a business, as a business Pinterests Performa is average at best
and during the covid-19 pandemic the company has bee impacted its advertising revenue and user growth in the first half of 2020. The company reported a revenue decline of 8% year-over-year in Q2 2020 to $272 million and a net loss of $101 million. On the positive side, the company added 116 million monthly active users (MAUs) in Q2 2020, reaching a total of 416 million MAUs, as more people turned to online platforms for inspiration and entertainment during the lockdownsin Q2 2020 pinterest has acquired several companies since its inception, mostly to enhance its technology and user experience. Some of the notable acquisitions include
VisualGraph: A visual search engine that uses machine learning to analyze images and provide recommendations.
Kosei: A data science company that specializes in personalized recommendations and commerce.
Instapaper: A bookmarking service that allows users to save web pages for later reading.
Jelly: A question-and-answer app that uses artificial intelligence and human connections to provide answers.
Pext: A messaging app that turns text messages into memes. – Math Camp: A social app maker that created Highlight, Shorts, and Roll.
Fleksy: A keyboard app that offers fast typing and customization options. – The Yes: An e-commerce platform that uses machine learning to create personalized shopping experiences.
and that's just a few of it's acquisitions but Pinterest still remains a company that most investors don't seem to pay much attention to
But the company still faces regulatory uncertainties and legal disputes over data privacy, intellectual property rights, content moderation, etc. – user retention and engagement issues due to changing preferences, behaviors, and expectations of online consumers. – monetization challenges due to lower ARPU in international markets, ad pricing pressures, ad blocking, To conclude Pinterest could be a promising company that has a lot of room to grow and innovate in the social media space and all I want to know if if you guys think it could actually be worth over $100 Billion someday and have a more cultural impact on the world and become as unanimous as Facebook, Instagram, YouTube and TikTok someday??
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