The Simple Reason to Buy Pinterest Now
Pinterest (NYSE: PINS) was a market darling for much of the pandemic, but the image-based search engine has suddenly fallen out of fashion.
Two straight underwhelming earnings reports, a declining user base, and a busted deal with PayPal have all contributed to the stock's downfall. Shares are now down by about 50% from their peak this summer.
Indeed, many of the concerns that have pushed the stock lower are valid. For example, its declining user base is a concern, especially in the U.S., where its most valuable users are. The company faces significant headwinds from the economic reopening, which has pushed its audience away from some of its core use cases, including cooking, gardening, and home decor. This shift is one reason the company is struggling with user growth.
Source Fool.com
