Will Pinterest Be Worth More Than Meta Platforms by 2030?
Pinterest (NYSE: PINS) and Meta Platforms (NASDAQ: META), the tech giant formerly known as Facebook, approach the social media market from two different directions. Pinterest encourages its users to share their interests, hobbies, and ideas on its virtual pinboards, and it enables retailers to promote their products via shoppable pins. That interest-driven format insulates Pinterest from the hate speech and fake news controversies that have plagued Facebook and other social media platforms.
Meta's sprawling ecosystem incudes Facebook, Messenger, Instagram, WhatsApp, and its virtual reality services. Facebook encourages its users to tether themselves to their friends, family members, and frequented businesses through its network and Messenger app. Instagram persuades its users to follow popular accounts and brands. It also offers some "social shopping" features across both platforms.
Image source: Getty Images.
Source Fool.com
