Pinterest (PINS) announced Q2 results in Friday, July 31, and it contained some notable updates on the business.
Investment thesis
I have written about PINS in an article published in June. Basically, I am "betting" that it can perform similar to Facebook (FB) (~10x). In that sense, PINS is not a business venturing into some unknown opportunity. The returns of monetizing a large, global userbase have been seen before. Pinterest only started international expansion last year, for example. So it has a large runway ahead, so it fit very well into my timeline