Why Pinterest Stock Popped 10.5% Today

Pinterest (NYSE: PINS) stock scored a strike today, jumping 10.5% (as of 1:35 p.m. EST) on a report from eMarketer.com, which stated that in 2019, "Pinterest surpassed Snapchat as the third-biggest social media platform in the US."  

According to the website, as recently as 2018 Snap (NYSE: SNAP) -owned Snapchat was the third-biggest social media platform after Facebook and Twitter, with 75.8 million users (versus 75.5 million for Pinterest). Today, the balance of power has shifted, and it's Pinterest in the lead with 82.4 million users, versus 80.2 million for Snapchat.

Image source: Getty Images.

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Source Fool.com