Monday, August 2, 2021

Adding to Pinterest (PINS) @ $58.3

 Pinterest dropped 18% after number of US Monthly Active Users dropped 6%.

To me this is a buying opportunity. Post pandemic, people are out of the house again and it makes sense that user count will drop.

Pinterest currently have an ARPU of $11 compared to Facebook's $80. 

To me, the Pinterest story is about getting that ARPU up and it seems like they are on the right path. After all, this is a service that helps people get inspiration to do projects and eventually buy things.

I've added 7% to my position. 

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