Why was PayPal interested in buying Pinterest?
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Why Pinterest is dropping its like button?
Pinterest is dropping its Like button after internal research found users better understand the platform without it, the company announced in a blog post. Existing Likes aren't going away, however, as each user will get a new private board on their profile called "Your Pinterest Likes" that will catalog all previously liked pins.
Why does Pinterest not work?
Fix Pinterest Not Working On Chrome. Make sure to create a restore point just in case something goes wrong. Method 1: Turn Off Hardware Acceleration When Available. Pinterest may not be working on Chrome because of hardware intervention. By turning the hardware acceleration option off, we can solve the problem.
Will Pinterest stock rise?
The consensus among analysts is that Pinterest Inc. (PINS) is an Overweight stock at the moment, with a recommendation rating of 2.40. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 17 out of 31 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.
Is Pinterest stock expected to rise?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 25.00, with a high estimate of 37.00 and a low estimate of 15.00. The median estimate represents a +38.20% increase from the last price of 18.09.
Is Pinterest a good stock to invest in?
Despite fewer people on its platform, 2021 revenue came in at almost $2.6 billion, a 52% increase from year-ago levels. Moreover, Pinterest reported a profit of $316 million for the year, a considerable improvement over the $128 million loss in 2020.
Is Pinterest stock going to recover?
Pinterest's shares are down by -58.7% since late-October 2021, as Work-From-Home or WFH tailwinds eased. PINS' stock price could see a minor rebound as it experiences accelerating revenue growth in 2H 2022, but returning to the $50 level might be very challenging.
Is Pinterest on the decline?
Pinterest put it this way: “Our decline was primarily impacted by engagement headwinds as the pandemic continued to unwind, and lower traffic from search.” Not every single person who turned to Pinterest in unprecedented times will keep at it as COVID-19 progresses, but the pandemic will continue to have a lasting ...
Does Pinterest have a future?
That's an ARPU of $8.69 in 2022, $12.16 in 2023, and $15.81 in 2024. This translates into 2024 revenues of $6.81 billion. In 2021, Pinterest had an operating profit of $326.2 million on $2.6 billion in sales while spending $780.3 million on R&D.
How high will PINS stock go?
Analyst Price Target on PINS Based on 23 Wall Street analysts offering 12 month price targets for Pinterest in the last 3 months. The average price target is $28.19 with a high forecast of $38.00 and a low forecast of $20.00.
Is Pinterest overvalued?
Pinterest also has a sky-high price-to-earnings ratio of 165.33, which has led some on Wall Street to label the stock as being “overvalued.” By comparison, the average price-to-earnings ratio among companies listed on the tech-heavy Nasdaq stock exchange is 30.
Who bought out Pinterest?
Microsoft'sMicrosoft's acquisition of Pinterest, valued at $51 billion, would have been its largest deal. It would also be twice as big as its purchase of LinkedIn in 2016 for $26.2 billion.
Is Pinterest a dying platform?
That's a significant drop, and while 431 million actives is still a lot, the fact that Pinterest has lost almost all of the growth momentum that it gained over the past two years (Pinterest hit 416m MAU in Q2 2020) is not a good reflection of any utility and/or value that users are seeing in the app, as it hasn't been ...
Does anyone use Pinterest anymore?
In 2019, 250 million people used Pinterest every month. According to Hootsuite, 80% of new sign-ups came from outside of the US. In 2018, the platform's top countries were America, Brazil, India, Turkey, and Russia. 80% of Pinterest users are now on mobile, which confirms the overall social media mobile trends.
Who uses Pinterest the most?
The United StatesThe United States has by far the highest number of Pinterest users. There are 42.81% Pinterest desktop users in the U.S. compared to 8.35% in Brazil, 3.82% in India, 2.57% in China, and 2.07% in Argentina.
Key Points
A high price-to-sales valuation has been the main culprit weighing on the stock's performance lately.
What happened
Pinterest ( NYSE:PINS) got hit with some analyst downgrades today that weighed on the stock. A UBS analyst lowered the stock's near-term price target to $32 from $42, while maintaining a neutral rating on the shares. Likewise, OTR Global downgraded Pinterest to mixed from positive.
So what
Pinterest will have something to prove when it reports fourth-quarter earnings on Thursday, Feb. 3, after the market close. After the stock dropped 67% from its all-time high in 2021, investors will be looking for strong engagement metrics.
Now what
Pinterest is rolling out new video content in the app (Idea Pins), which it believes will make the platform more shoppable and drive engagement and monetization higher.
What is Pinterest engine?
Pinterest provides a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration and DIY projects.
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Is Pinterest stock trading lower?
Shares of large technology companies, including Pinterest Inc (NYSE: PINS), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The 10-year Treasury yield hit an intraday high of 1.567% Tuesday morning before dipping to around the 1.544% level. The spike in the 10-year note this week comes after the Federal Reserve last week spoke on winding down its ongoing asset purchasing program. Pinterest provides a visual discovery engine in the United States and int
What happened
Shares of the social media stock Pinterest ( PINS -2.22% ) were down on Thursday, marking a second consecutive day of the stock dropping. As of 2:56 p.m. EDT, the stock is down 3.5% on the day and is now down over 7% just this week.
So what
The recent fall in Pinterest stock comes after the company reported a disappointing second-quarter earnings result. Revenue and earnings came in strong, with both numbers beating analyst expectations, but monthly active users (MAUs) missed badly, growing only 9% in the period to 454 million. Analysts were expecting 482 million MAUs for the quarter.
Now what
Pinterest stock is down almost 25% in the past month, but zooming out, the stock is up over 100% since its IPO in 2019. This should give some perspective to long-term shareholders.
Shares of the image discovery engine fell on the broader market sell-off today
Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman
What happened
Shares of Pinterest ( NYSE:PINS) are falling today, down 5.6% as of 11:07 a.m. EDT, after being caught up the broader market's slide on fears of a growing wave of coronavirus infections in the U.S. and Europe.
So what
The sell-off in U.S. stocks follows a sharp decline in Europe, where the Stoxx 50, Europe's best-known blue-chip index, was down 4% in afternoon trading. Cases continue to spike on the continent and a number of companies are taking incremental steps toward another lockdown. France implemented a 9 p.m.
Now what
Pinterest will report third-quarter earnings after the bell today, and analysts' expectations are in line with the growth stock 's guidance from its second-quarter report, which called for revenue to increase "in the mid-30% range." The Street consensus is for revenue to rise 35% to $377.8 million, and for earnings per share to double from $0.01 to $0.02.
Where does Pinterest trade?
Pinterest trades on the New York Stock Exchange (NYSE) under the ticker symbol "PINS."
What is the P/E ratio of Pinterest?
The P/E ratio of Pinterest is 87.77, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 83.86.
What is the official website of Pinterest?
The official website for Pinterest is www.pinterest.com.
Does Pinterest pay dividends?
Pinterest does not currently pay a dividend.
The tech stock sell-off hit the company hard today
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of tech stock Pinterest ( NYSE:PINS) plunged as much as 10% on Wednesday as growth stocks fell almost across the board. Shares closed the day down 8.4%.
So what
There wasn't any significant news out about Pinterest today, but shares of tech stocks were down sharply, and high-growth names seemed to be hit the hardest.
Now what
There's no reason to change your investment thesis in a company like Pinterest after today, and it may be a buying opportunity for long-term investors who have been looking for a cheaper share price to get in.
