Why Investors Should Ignore Pinterest's Falling User Numbers
The slide in Pinterest (NYSE: PINS) stock has persisted, and it now trades close to its lowest levels in more than a year. The company has held an edge as pinning allowed it to learn about its users' passions, a competitive advantage when social media giants such as Meta Platforms must rely on less personal demographics and psychographics. But with the world reopening and usage numbers falling, investors continue to steadily sell off this stock.
Nonetheless, the company has exhibited signs of prosperity amid the bearish sentiment. Considering these indicators, investors may want to think about opening new positions in this company.
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Source Fool.com