2.7 Billion Reasons Why Pinterest Is Poised to Thrive
Oh, how the tables have turned for so many online businesses as the world has emerged from the pandemic. Case in point: Pinterest (NYSE: PINS), which was profitable in 2021, but fell into the red in 2022 and has started 2023 with a loss of $0.31 per share. That's not a great trend.
Still, there are some positives here that suggest this unique image-sharing and social media site could eventually turn sustainably profitable. Let's take a look.
Image source: Getty Images.
Source Fool.com