Pinterest feels like one of those stocks that looks better on paper than it feels to hold. Revenue growth is still solid, and user numbers keep climbing, which is reassuring. The business clearly isn’t broken. But the stock just can’t seem to find its footing, and that’s worrying. Advertising budgets are tight, competition for ad dollars is brutal, and macro pressure hasn’t gone away. Even good earnings don’t seem to spark lasting confidence. It feels like Pinterest is doing many things right, yet the market is fixated on what could go wrong next. I’m not panicking, but I’m definitely cautious.
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