This Company's Intangibles Make It an Intriguing Investment
Founded in 2008, San Francisco-based Pinterest (NYSE: PINS) has seen a rapid ascension to its current $35 billion market capitalization, having more than doubled from its initial public offering in 2019. However, in the last two months, the company watched its share price drop by over 25%, despite growing revenue by 125% year over year during the second quarter.
Ultimately, I believe this sell-off appears to be short-sighted, as Pinterest's underlying intangibles and immense brand power are stronger than ever. These intangibles, paired with the companies quickly expanding average revenue per user (ARPU), make it an interesting investment trading at a reduced price.
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Source Fool.com
