This Could Be Pinterest's Secret Weapon
Pinterest (NYSE: PINS) has been a poster child for the tech collapse in recent months. Shares of the image-based discovery engine have fallen by as much as 73% from their peak last February as its user base declined as the economy reopened and people spent more time out of the house.
In its fourth-quarter earnings report out on Feb. 3, Pinterest earned a golf clap from the market. The stock jumped 11% on Friday as the company beat estimates, but when you include its 10% drop from the day prior following Meta Platforms' disastrous earnings report, the stock was basically unchanged.
Investors should be pleased with the latest round of results, especially with signs that user growth has returned in the current quarter. Yet there was one under-the-radar part of the report that gives a big hint about where Pinterest is headed and its future potential.
Source Fool.com
