PINS - Better Growth Stock: Meta Platforms vs. Pinterest
2024-03-13 09:15:00 ET
Meta Platforms (NASDAQ: META) and Pinterest (NYSE: PINS) can be considered the David and Goliath, respectively, of the social media market. Meta served 3.98 billion people across Facebook, Messenger, Instagram, and WhatsApp monthly at the end of 2023. Pinterest served 498 million monthly active users (MAUs) at the end of the year.
Meta's social networks enable people to stay in touch with their friends, family, and co-workers, or to follow brands and public figures. Meta also sells virtual and augmented reality devices, and it launched an "X-like" platform called Threads last year. Pinterest's virtual pinboards are mainly used to share interests, hobbies, and ideas with other users, and its visual format makes it a natural fit for e-commerce sales.
Over the past 12 months, Meta's stock soared nearly 180% as Pinterest's stock rose 40%. Let's see why Meta outperformed Pinterest, and if it's still the better buy.
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Better Growth Stock: Meta Platforms vs. Pinterest