Image-based social media platform Pinterest (NYSE: PINS) benefited from massive gains during the pandemic. Since its customers had more spare time, they engaged with the platform more, sending Pinterest stock surging.
However, along with the end of pandemic-related lockdowns came a decline in the Pinterest user base. Consequently, the stock price has fallen back to pre-pandemic levels. With the stock trading at its lowest level since mid-2020, investors have to decide whether to avoid the social media stock or treat its much lower price as a buying opportunity.
Image source: Pinterest.
Source Fool.com