This Stock Is Already Up 34% in 2025. Its Growth Is Getting a Big Boost From Amazon and Alphabet.
In the history of the stock market, very few companies have ever been worth $1 trillion or more. But Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), which is the parent company of Google, are two of them. It's hard to think of any two companies as big and as important as these. And this duo is currently boosting growth for a much smaller company.I'm talking about image-browsing platform Pinterest (NYSE: PINS). The company's 553 million monthly active users usually jump on the platform to get ideas. They can click on pictures that they like, which brings up more, similar images. By browsing in this way, Pinterest's users can get ideas for things such as do-it-yourself home projects, or they can discover things that they'd like to buy.It's that last element that ultimately drives Pinterest's business model. The platform is free to use, leaving the company to generate revenue from advertising. Brands and marketers like the Pinterest platform because people come to the platform with a predisposition to buy something, as opposed to just socialize like on other social media platforms.Continue reading
In the history of the stock market, very few companies have ever been worth $1 trillion or more. But Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), which is the parent company of Google, are two of them. It's hard to think of any two companies as big and as important as these. And this duo is currently boosting growth for a much smaller company.
I'm talking about image-browsing platform Pinterest (NYSE: PINS). The company's 553 million monthly active users usually jump on the platform to get ideas. They can click on pictures that they like, which brings up more, similar images. By browsing in this way, Pinterest's users can get ideas for things such as do-it-yourself home projects, or they can discover things that they'd like to buy.
It's that last element that ultimately drives Pinterest's business model. The platform is free to use, leaving the company to generate revenue from advertising. Brands and marketers like the Pinterest platform because people come to the platform with a predisposition to buy something, as opposed to just socialize like on other social media platforms.
