Pinterest Makes Moves to Maximize E-Commerce Potential – The Motley Fool
Summary
Is Pinterest (PINS 16.17%) finally going to embrace the e-commerce space? In this video clip from “The Future of Fintech” on Motley Fool Live, recorded on June 30, Fool.com contributors Matt Frankel and Lou Whiteman look at the company’s strategy and a new hire that could change the direction of the social media service.
Matt Frankel: We went to Pinterest. We eventually ended up buying a lot of things we saw in ideas that we looked at. It’s a natural fit for e-commerc…….
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Is Pinterest (PINS 16.17%) lastly going to embrace the e-commerce space? On this video clip from “The biggest method forward for Fintech” on Motley Fool Stay, doced on June 30, Fool.com contributors Matt Frankel and Lou Whiteman Take A look On The agency’s method and A mannequin new lease That would change the course of the social media service.
Matt Frankel: We went to Pinterest. We finally ended up buying for A lot of factors we noticed in ideas that we Checked out. It is a pure match for e-commerce. I do not assume anyone is denying that, thOn Tright here is a lot of e-commerce potential right here to promote factors on Pinterest.
If I needed ten biggest books to study By way of the summer time, I discover lists on Pinterest. Why not have a method for people to click on and buy all ten of these books immediately on Amazon (AMZN 2.64%), You’ve your summer time studying taken care of?
However the question is, how do you do it appropriately? Tright here’s two factors that I really feel We will each agree on. Tright here’s A lot of pure e-commerce potential right here, and Tright here is a lot of room to monetize Pinterest’s consumer base That is nonetheless on the desk.
Lou Whiteman: Yeah, utterly. Maybe simply To return again to this, the CEO change, Because you understand look everyfactor you said We have been saying for years now, and it simply hasn’t gotten carried out And that i do not know. I assume we’ll discover out now as a Outcome of sure, We now have somebody who definitely Is Concentrating on that. It Might be that simply The incorrect particular person was Inside the nook office to monetize that. It Might be It is Tons extra sturdy than we’re giving it credit rating for.
The neat factor about That is, I assume with the shift with somebody new coming in And that is their focus we’ll get A greater reply to that. Because It is potential that this simply is A strong nut to crack. It’s potential that simply The incorrect people have been making an try it. We have A mannequin new Person who Ought to based mostly on his monitor doc, Ought to be In a place to give A greater go of it.
John Mackey, CEO of Complete Meals Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Lou Whiteman has no place in any of the shares talked about. Matthew Frankel, CFP® has places in Amazon and Pinterest. The Motley Fool has places in and recommends Amazon and Pinterest. The Motley Fool has a disclosure coverage.
Source: https://www.fool.com/investing/2022/07/10/pinterest-makes-moves-to-maximize-e-commerce-poten/