Dear Reader,
Pinterest, the social networking company, posted 39% year on year growth of monthly average users in the 2020 second quarter ending on June 30.
Revenue, however, grew only barely by 4% year on year. Pinterest is currently valued at 20.91 billion USD.
Facebook is the dominant social network valued at 835.6 billion USD by public markets. I think there is room for other social networking players on the market. Pinterest and Snapchat look like the most likely Facebook challengers.
All in all, I think in the next 4-5 years Pinterest could be worth 70 billion USD.
Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".
Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
Respectfully yours,
Petar Posledovich
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