Dec. 12 at 5:29 PM
$PINS "Pinterest (PINS) has quietly slipped about 23% over the past 3 months, even as revenue keeps growing double digits."
That's where I was wrong. I assumed growing revenue and other metrics across the board would result in higher share price. I bought shares at
$28 over a year, double-digit revenue growth, a 100M MAUs, and God only knows how much FCF ago. I figured rates would be coming down, QT would be ending(it just did Dec 1) and the economy would be expanding. Only thing that hasn't happened yet is the Economy. The previous administration did their anti-U.S. 'transformational change' work all too well. But 2026 will tell the full story for PINS. Because the economy is about to expand for the 70% of the consumer base that has been in a severe recession for the last 3 years.
https://finance.yahoo.com/news/assessing-pinterest-pins-valuation-recent-141318192.html
