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Today, Pinterest $PINS+0.6% reported results that exceeded expectations. Active users for the month reached 465 million. USD. Analysts were expecting 463.2 million. USD. Average revenue per user was $1.53. Analysts were expecting USD 1.54/user.
Until a few months ago, I thought other social networks would overtake it, but in May it announced a partnership with e-commerce giant...
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I occasionally use Pinterest's services, but I probably wouldn't buy their stock. However, it is interesting that this platform is changing from an advertising platform to a sales platform.