Pinterest shares were priced at $19 in the IPO and finished at nearly $25 at the end of the first day of trading. Valued at $15b the company is not your stereotypical social media company:- https://www.bullmarketboard.com/blog/2019/04/19/pinterest-shares-leap-by-25/ Note: Share price chart added 22/4/19
The only danger is that Pinterest is mistaken as yet another social media company with big ideas but little profit. While yet to make a profit, there have been significant reductions in losses in recent years and the company is better respected by advertisers than the likes of Facebook and Twitter. An interesting one for the future!
Seems to be a recovery in some of the smaller social media companies - will it continue? Are we set for a period of consolidation?
This seems to be renewed interest in social media type companies such as Pinterest, Facebook, Twitter, etc. How long will this continue?
There does seem to be demand for social media type shares but let’s forget the vast majority still don’t make a profit. How long will investors continue to fund these operations?
Broker upgrade and improve company guidance, is this the start of a major bull run for Pinterest? https://www.cnbc.com/2019/08/02/deustche-bank-upgrades-pinterest-to-buy.html
