Pinterest (PINS) has been one of the few social media plays on which I have generally been constructive on the back of two main reasons: The business is a combination of savvy social media with commerce, and second, the huge international monetization opportunities still ahead.
Early in May I looked at the shares after the company reported first-quarter results in the midst of the Covid-19 crisis, with shares having nearly doubled from the Covid-19 induced lows of $10 to $19 per share. That impressive recovery brought shares back to levels last seen late