The impact of the Coronavirus is affecting the social media stock market hugely. Even though usage has gone up, the advertising becomes down and therefore pins stock (Pinterest stock) at https://www.webull.com/quote/nyse-pins has fallen 28percentage since February.
Now, this stock trades below its IPO price. Even though the pressure on digital marketing still remains for the predictable future, the cheaper rate and growth in the user base brings a great platform to make a purchase decision for the long term investors. Are you thinking about how investing in Pinterest stock a smart move? Keep reading the following section carefully to get the appropriate answer to your question!
Things Pinterest provide:-
When compared to various social media platforms and digital advertising channels, Pinterest is quite different. Websites such as Amazon and Google provide advertisers a chance to offer things according to the interest and requirements of the audiences.
On the other hand, Pinterest takes care of the discovery. More and more people keep in touch with this platform to get more information on different subjects such as fitness, wedding, fashion, and much more. This platform renders a great opportunity for the advertisers as the pinners and users to discover, present, and inspire. It is very open to making a purchase and helps the advertisers a lot.
In recent times, you can witness a huge shift in advertising i.e. the transition of spending money on traditional media such as TV and print to digital outlets such as Google and other online platforms like Pinterest. Even though the COVID-10 pandemic has affected its growth temporarily, it has a huge market opportunity. Pinterest unique ability in providing value for the advertisers during the tough situation could prove to be a competitive benefit, which wins the company market share as the advertisers search for the newest way to reach the audience and get into smaller ad budgets.
How to purchase Pinterest stock
Are you a beginner? Do you want to purchase pins stock? Well, it is necessary to look for a reliable platform, which has low commissions, investment tools to track portfolio, and expert ratings. Try to compare the share trading platforms to find the right one. Complete the application with your financial and personal details to open and fund the brokerage account. Now, you have to search for the Pinterest stock by the name or ticker symbol (PINS). Spend some time and research its history to ensure it is the best investment against your financial goals. You can purchase the stock or later based on your needs. You can also check spy etf at https://www.webull.com/quote/nysearca-spy .