Pinterest Expands Advertising Business to Latin America
- Company says Brazil, Mexico are next countries to get ads
- Pinterest stock is up more than 400% in the past year
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Pinterest Inc. is expanding its advertising business to Latin America, rolling out ads in Brazil this week in an effort to generate more sales from outside the U.S.
Almost 79% of Pinterest users are international, but only 17% of revenue came from beyond America’s digital shores last year.