Stocks That Can Double Your Money - Pinterest

2-Pinterest

Like Roblox, Pinterest uses a unique business model to differentiate itself in the e-commerce marketplace. While Pinterest is known for being a woman-friendly and multi-product sharing platform, it has also come up with a concept that can strengthen growth in the long term. Uniquely suited to a new trend of online retail called social commerce. Social commerce allows companies to sell products and services as part of their social media experience. Research firm eMarketer expects this market to increase by roughly 35 percent to $ 36 billion in 2021. Spending in this category will represent 4.3 percent of retail e-commerce sales in the US. Pinterest is ready to catch up with most of this growth as it can integrate ads seamlessly into its platform without interfering with users' experience.

Pinterest wants to take advantage of these with partnerships!

Last year, Pinterest partnered with e-commerce giant Shopify for a project that will help Shopify sellers turn their products into pins on their store platform. This move can help Pinterest monetize its large user base. Pinterest's fourth quarter revenues increased by 76 percent compared to the previous year's report and reached $ 706 million, and the global monthly active users increased 37 percent, generating $ 459 million revenue from it. The company made profits of $ 208 million during this period under the generally accepted accounting principles (GAAP), which shows us that the company could be on the verge of profitability all year. Management expects revenue growth in the range of 70 percent in the first quarter   Stocks That Can Double Your Money - Pinterest Source: https://www.fool.com/ You may also be interested in:

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