Pinterest and Zoom will test post-LYFT IPO market dynamics tomorrow
"Cordwell gave Pinterest its first bullish review last week with the equivalent of a buy rating. He set a 12-month price target of $23, implying the company may return as much as 53 percent if the IPO prices at the low end of its expected range, or $15.Pinterest Doesn’t Want to Be Called a Social Media Company | Bloomberg
Pinterest calls itself a “visual discovery” platform for people to get ideas for different aspects of their lives, whether that’s curating a wardrobe, planning a vacation or wedding, or furnishing a new home. In a video to investors, Silbermann illustrates why Pinterest is unique. He describes social media platforms as a way to document the past and entertain oneself; while Pinterest is a “utility” for future activities.
“Social media at its best makes you feel socially validated, while Pinterest at best makes you feel creative and empowered to act,” Silbermann says."