And Pinterest’s Big IPO Bet is E-Commerce
Pinterest’s Big IPO – One of the best pictures sharing platforms for content creators, artists, and casual users, Pinterest, has filed its S-1 form to conduct an initial public offering (IPO).
Pinterest is reportedly planning to expand into the e-commerce market, competing against the likes of Instagram, Amazon, and Walmart.
With regards to the success of its initiative to create an e-commerce-enabled platform, Pinterest may be able to secure a new source of revenue.
The Company said: “We are in the early stages of our monetization efforts, and there is no assurance we will be able to scale our business for future growth,”
In 2017, the company was valued at $12.3 billion. Since then, the revenue of Pinterest has increased by $482.8 million to $755.9 million.