Pinterest: Spending To Win Social Commerce
- Pinterest reported a solid quarterly beat for Q1'23, but the company only grew revenues by 5%.
- The stock fell after hours due to guidance for double-digit operating expense growth in Q2'23, but the company needs to invest aggressively in enhancing the shopping experience.
- Pinterest quickly becomes cheap as the stock dips to 4x forward EV/S targets.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »