3 Reasons to Buy Pinterest Stock in 2022
The image-based social media app Pinterest (NYSE: PINS) thrived at the pandemic onset when billions of people were spending nearly all their time at home. That shift in consumer behavior created a surge in demand for at-home entertainment, and Pinterest benefited as a result.
The opposite is playing out for Pinterest now that economies are reopening. Folks are eager to catch up on activities they missed out on away from home and are now spending less time engaging with the Pinterest app. Pinterest's stock fell by 44.8% in 2021 and has kept falling so far in 2022. Here's why that's an opportunity for long-term investors to buy Pinterest stock.
Image source: Getty Images.
Source Fool.com