Is Pinterest Stock a Good Choice for Investment?
Pinterest is a very popular social media platform worldwide for the sharing of images related to almost everything from art and craft to travel and furnishing. This platform is however different from other social media platforms because it is used basically for finding new ideas or searching about various activities. Pinterest and its Growth in 2020 The final quarter of 2020 saw the company had 459 active users (monthly) and in the year 2020 as a whole, the firm added around 100 million active users (monthly) to its already existing monthly active users. If we consider its growth based on year over year then the company’s monthly active users have risen by as much as 37%. The growth of the company is very well visible and that makes it an attractive choice for investing. Moreover, the company tends to grow further because there are no reasons or signs that the growth will slow down in the future. Its popularity is increasing and that is the major reason for the rise in subscribers which eventually adds to the profit and income of the company. Pinterest Inc. (NYSE: PINS) 52 Week Range: $10.10 - $86.49 Average Volume: 11,327,818 Market Capital: $50.162B Forward Dividend and Yield: N/A (N/A) The increase in the stock price of the company defines how well the company has progressed in a year despite that the year 2020 was the year when the coronavirus pandemic was at full force. An investment in the company looks like an investment that…