, Columnist
Is Pinterest Good Enough for the Growth-Crazed IPO Market?
A 60 percent revenue increase may pale next to turbocharged startups.
Less heat could mean cooler demand.
Photographer: Josh Edelson/AFP/Getty Images
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I could only ask this question in the late stages of a decade-long stock market expansion: Is it good enough to grow at 60 percent a year?
Pinterest Inc., the online scrapbook, on Friday released a pitch to potential investors in its initial public offering. The document revealed a company with about $756 million in revenue from online advertisements in 2018, a 60 percent growth rate that accelerated a bit from the previous year, an operating loss that is not outlandish by the standards of tech firms going public and about 265 million people who use Pinterest at least once a month.
