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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