10/30/2023 0 Comments Pinterest 2022 trends![]() ![]() ![]() As it turns out, Pinterest’s use cases align quite well with shopping and e-commerce. Simple enough, but for Pinterest, this is only the beginning. Like other social media peers, Pinterest then monetizes its users through ads. ![]() Pinterest is a social media company that has core use-case that allows its users to browse and save inspirational images. However, Pinterest is still quite early in the monetization of its platform, which could continue to propel growth for many years. Pinterest has seen further downside pressure due to the general anti-growth market sell-off lately, in the wake of the failed PayPal ( PYPL ) acquisition. Pinterest ( NYSE: PINS) stock has been beaten down ever since the MAU trend began to reverse to the downside, which has spooked investors. "As the market-leading platform at the intersection of social media, search and commerce, Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest's next phase of growth," Elliott said in a statement.5./15 WEST/iStock Unreleased via Getty Images Investment Thesis After Pinterest's results were released on Monday, Elliott confirmed it's the company's biggest shareholder and said it's pleased with Ready's progress. ![]() Pinterest's hiring of Ready pointed to a deeper push into e-commerce and online retail.Įlliott's involvement with the company was reported in July by The Wall Street Journal, which said at the time that the firm had built a stake of over 9% in the company. In June, Pinterest co-founder Ben Silbermann stepped down as the company's CEO, and was replaced by Bill Ready, previously the leader of Google's commerce unit. Pinterest said that its third-quarter guidance takes into account "slightly greater foreign exchange headwinds" than the previous quarter. big box retailers and mid-market advertisers, who pulled back ad spend due to concerns about weakening consumer demand." "The macroeconomic environment has created meaningful uncertainty for our advertiser partners," Pinterest said in the letter." The company said it saw "lower than expected demand from U.S. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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