Pinterest files S-1

Cloudera uVyP71
Mar 22 161 Comments

755m revenue in 2018. 63m net loss. 250m+ MAU. Thoughts?

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TOP 161 Comments
  • Dropbox nvp
    imo financials look the strongest of recent unicorn s-1s. congrats Pinterest friends!
    Mar 221
    • Twitter FANGT
      Don’t count your chickens before they hatch. Who knows what the price will be 6 mo. after ipo.
      Mar 22
  • This comment was deleted by original commenter.

    • Uber fish
      ♥️♥️
      Mar 22
    • Uber realDara
      I absolutely love Pinterest. I'm very bad at creative stuff, but the recommendations and discovery on Pinterest really helps me bridge that gap. Hope we all enjoy this ride :)
      Mar 23
  • New kimm
    K dude we read that already on news aggregating apps
    Mar 223
    • Google / Engcatburglar
      I get my news from blind
      Mar 22
    • Samsara Ca$hmoney
      Blind and r/wallstreetbets
      Mar 22
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Which news aggregating app ?
      Mar 22
  • Uber fellow99
    Nice Hope you guys get super rich
    Mar 220
  • Oracle / Mgmtmlabc
    What will be the price when it gets into the trading market ?
    Mar 224
    • Cloudera uVyP71
      OP
      Around 8$ I guess.
      Mar 22
    • Flagged by the community.

    • Google aIfty25
      What is the valuation at that price?
      Mar 22
    • Microsoft / FinanceDunph
      There's a reverse split 3:1
      Mar 22
  • Uber
    mr mango

    Uber

    PRE
    Google, Facebook
    mr mangomore
    congrats pinterest! doing good work
    Mar 228
    • Twitter FANGT
      Let’s wait and see how the stock is doing 6 months after IPO before giving our congrats.
      Mar 22
    • Microsoft M💰FT
      Who actually uses Pinterest? I have a diverse set of friends/family and literally nobody I know uses Pinterest.
      Mar 22
    • Twitter Fandum
      @msft do any of them use twitter? (Not a rhetorical question, being serious)
      Mar 23
    • Oracle / IT
      l00tb0x

      OracleIT

      PRE
      Ericsson, National Instruments
      l00tb0xmore
      None and none, just to chime in. I seriously don't know what the "value added" are for these corps. FB empire also applies.
      Mar 23
    • Amazon / Eng🦎 gecko
      Mar 23
    • Amazon
      .A0b1

      Amazon

      PRE
      Microsoft
      BIO
      ...
      .A0b1more
      @I00tb0x And Amazon is doing Oracle Migration. How do you think will this impact your “value”? (Being Serious)
      Mar 23
    • Microsoft M💰FT
      Yes, I know people that passively use Twitter. It has marginal value as a communication tool, whereas Pinterest is google image search with extra effort.
      Mar 23
    • Oracle / IT
      l00tb0x

      OracleIT

      PRE
      Ericsson, National Instruments
      l00tb0xmore
      @.A0b1 let me just say I'm wasn't surprised. Every heist ends badly.
      Mar 24
  • GoDaddy / Data
    Zeus09

    GoDaddyData

    PRE
    VMware
    Zeus09more
    ARPU ~$3 ( US = ~9, international = $0.25)
    Mar 2211
    • Microsoft / FinanceDunph
      Lots of room to optimize on monetization
      Mar 22
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Can you explain but more about ARPU and it’s relevance
      Mar 22
    • Uber fjrjejen
      Average Revenue Per User
      Mar 22
    • How does this compare to FB or SNAP?
      Mar 23
    • Facebook peskyhusky
      ^ FB’s ARPU in Q4 2018 was around $35 in the US, $3 in Asia Pacific.
      Mar 23
    • So from that, can I assume that as long as PINS is 1/6th of the valuation - it’s cheap?
      Mar 23
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      How is average revenue per user calculated ? Is it based on the revenue generated by user clicking on ads , or is there some paid subscription going on with Pinterest or Facebook. Average user pays nothing explicitly
      Mar 23
    • Facebook peskyhusky
      @nvidia it’s not as simple as that. Valuation also factors in trajectory and future potential.

      @manorama - there are no subscriptions on FB. So it’s basically the amount of money advertisers pay to have their ads shown. Not sure if Pinterest has subscriptions, never used it.
      Mar 23
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Usually how long is future potential evaluated? Do they account for growth potential for future 10 years , 20 years or what ?
      Mar 23
    • Houzz fight
      @GoDaddy: the S-1 has these charts, think I saw ARPU to be lower than your calculations, significantly
      Mar 23
  • Microsoft shazaaaam
    Super curious, how much more richer are PInterest employees? Would their stocks make 3-5 year employees millionaires or multi millionaires?
    Mar 2214
    • Google beep..
      @nRmb11, what is your level, YOE?
      Mar 22
    • Pinterest dmsowi
      Purposely will keep this a bit vague. At 12b valuation I’ll make $6-$9M with more than half of that vested. Joined 3-5 years ago as a mid-level engineer, but have grown since then.
      Mar 22
    • Pinterest yhmhcep
      After 4 years senior engineers and line managers will make 1-1.8mil maximum pre tax at 12bln valuation. Everything else is bullshit. Nothing too crazy..
      Mar 23
    • Pinterest yhmhcep
      It depends what your level is and when you started. There is no such thing as one L5 got 1mil and another randomly 6mil.. offers were very similar
      Mar 23
    • Pinterest PJqy52
      Yes, there is. Between exceptional performance grants and promotions, two L5s starting at the same date could be in very different places today.
      Mar 23
    • Pinterest yhmhcep
      Lol, we know that Pinterest refresher and extra grants are bullshit
      Mar 23
    • Pinterest PJqy52
      False
      Mar 23
    • Pinterest yhmhcep
      Alright, Mr Exceptional, you are an exception.
      Mar 23
    • Square / Engsj42hc
      L5 less than 4y gets 5mm is like promoted to L6 at Google 3 years fresh out of school. Certainly possible there's at least one case.
      Mar 23
    • Oracle ILMWP
      @sj42hc MM?
      Mar 25
  • Snapchat _]]€
    So, so doomed.
    Mar 221
  • ServiceNow syenite
    Isn't Pinterest just a landing page for diy Google search results?
    Mar 222
    • Slack xSWh53
      You're exactly right. Tho their employee make twice income as yours
      Mar 22
    • Unity 🐥 bok
      LOLL
      Mar 22
  • Intuit / Eng
    j123x

    IntuitEng

    PRE
    Cisco, Verizon, Oracle
    j123xmore
    Nothing new. May be max $20 and then downfall like SNAP.
    Mar 224
    • Microsoft / Product
      Brazuka

      MicrosoftProduct

      PRE
      Bain & Company
      Brazukamore
      Snap went on free fall because of Facebook Instagram competition executing defensive moves that ate their growth. not because of inflated valuation.
      Mar 22
    • Facebook / Eng
      fb2017

      FacebookEng

      PRE
      Google, Oracle
      BIO
      worked at Oracle, then Google, now Facebook.
      fb2017more
      OK, let fb eat Pinterest too.
      Mar 22
    • Intuit / Eng
      j123x

      IntuitEng

      PRE
      Cisco, Verizon, Oracle
      j123xmore
      Google can make Google images into Pnterest competition anytime
      Mar 22
    • Square AjlUz7
      That’s already a thing.
      Mar 22
  • Lyft sft3v
    How do you compare this with Lyft?
    Mar 229
    • Indeed / Engtg4664d
      Pinterest has much better financials so I except it to do better than lyft
      Mar 22
    • Intuit / Eng
      j123x

      IntuitEng

      PRE
      Cisco, Verizon, Oracle
      j123xmore
      Even if Lyft is losing money now, they would do better in future.
      Mar 22
    • Uber fellow99
      They have a niche and their competitors don't do exactly the same thing... unlike Lyft
      Mar 22
    • Microsoft serbiawolf
      Lyft is the worst among all the companies IPOing...don’t see any reason they will be profitable, Uber is better
      Mar 23
    • Lyft sft3v
      Uber does not deserve 100b. 60b is the high end.
      Mar 23
    • Uber fellow99
      Careful... If that's the case Lyft should only be worth 2B max. lol. Uber is in over 40 countries. Has the biggest food delivery in multiple countries. Has a freight business making crap loads of money. Has a self driving car unit that has deals with multiple car manufacturers. Has double the market share of Lyft in the US.
      Mar 23
    • Uber / Eng
      AywB51

      UberEng

      PRE
      Apple, Microsoft
      AywB51more
      Don’t get cocky @fellow99, Lyft is slowly gaining on us in the US.
      Mar 23
    • Intuit / Eng
      j123x

      IntuitEng

      PRE
      Cisco, Verizon, Oracle
      j123xmore
      It's the win of an underdog.
      Mar 23
    • Postmates dancingkng
      Uhhh you don’t. Two different industries, balance sheets, and revenue models. You already know the floor/ceiling for a company like Pinterest. There are no public comps for Lyft, and the TAM is much higher than Pinterest’s
      Mar 23
  • Wish them all the best because Pinterest let employees exercise options 7 years after leaving instead of the 90 days you see from other startups
    Mar 222
    • Square / Engsj42hc
      Yes that's something I truly appreciate.
      Mar 22
    • Walmart.com strategybs
      Please explain. Options are different than rsu, right?
      Mar 25
  • Facebook / Eng
    fb2017

    FacebookEng

    PRE
    Google, Oracle
    BIO
    worked at Oracle, then Google, now Facebook.
    fb2017more
    755m revenue a year, feel too little.
    Mar 222
    • Microsoft / Product
      Brazuka

      MicrosoftProduct

      PRE
      Bain & Company
      Brazukamore
      Nah, thats a good size for IPO. Uber, Facebook and few others that have held for too long.
      Mar 22
    • Snapchat / Engcamera-co
      It's about the same as Snapchat.
      Mar 22
  • New .A.
    250M MAU. Impressive. I never understood who would use Pinterest and what for. And I still don't.
    Mar 224
    • New / Product
      qGcU18

      NewProduct

      BIO
      Designer and business development prefers working with innovation teams, design labs. Highly conceptual, communications, motivator and team leader.
      qGcU18more
      It's similar to Houzz
      Mar 22
    • New / Eng🌲FD
      85% of Pinterest users are women. It's like browsing a magazine looking at pretty pictures.
      Mar 22
    • New .A.
      @FD But there is Instagram for that, isn't it?
      Mar 22
    • New / Eng🌲FD
      Instagram is more for sharing personal pictures, pictures from your life. Pinterest is for sharing pics about topics. But there's big overlap, I agree. If Zuck puts his mind to it he can take big chunk of Pinterest traffic like he did with Snapchat.
      Mar 22
  • Uber / OpsHd63gf7
    Numbers look good!! Congrats!
    Mar 220
  • Splunk
    baddest

    Splunk

    BIO
    Engineering
    baddestmore
    FMV can’t be above $10B. I’ll wait it drops to at least that level.
    Mar 224
    • Amazon threesigma
      What does FMV mean? From your view?
      Mar 22
    • Splunk
      baddest

      Splunk

      BIO
      Engineering
      baddestmore
      Exactly, “from my view”.
      Mar 22
    • Quora jxIz66
      I thought it was Fair Market Value
      Mar 22
    • Amazon threesigma
      Appreciate it!
      Mar 22
  • eBay cliffor
    Who goes to Pinterest now? They have past their time. This is going to be worst than Snapchat
    Mar 223
    • Uber fellow99
      My girlfriend uses the shit out of it. I have a suspicion that you are not their key customer
      Mar 23
    • eBay laeucnwp
      Your gf also uses the shit out of Snapchat. But it doesn't matter. It's all about getting new customers and grow
      Mar 23
    • Uber fellow99
      Nope. Mygf doesn't use snapchat. Thanks for playing though
      Mar 24
  • Flagged by the community.

  • New / Eng🌲FD
    Look at Google trends for Pinterest, it's exponential decline. How are they growing MAU?
    https://trends.google.com/trends/explore?date=all&geo=US&q=pinterest
    Mar 225
    • Oath OPnd70
      Quiet dude, you’ll mess up their IPO. I wanna short it at the highest possible
      Mar 22
    • Houzz alphac
      Because Google trends measures website data only. Go to your phone, open any Pinterest page and you’ll realize they aggressively push users to download the app. When that happens, the ecosystem shifts to app and Google trends cannot measure that.

      FYI, there’s also articles on Facebook vs Princeton based on google trends too- to prove this wrong
      Mar 23
    • Pinterest nRmb11
      FWIW they actually don’t push that aggressively anymore and have like 30M monthly users on their mobile site
      Mar 23
    • Houzz fight
      Okay, but hasn’t app gone up a lot more and therefore less need to use web or mobile web and hence Google trends shows a decline?
      Mar 23
    • Google LyLs67
      Google trends is a very good measure of general interest. iPhone trends correlates very well with actual sales
      Mar 23
  • Uber chumpu
    Nice!! Going to get in early on this before the hypergrowth !!
    Mar 221
  • eBay / ProductJ38aP
    Not an expert here but don’t they heavily rely on SEO. In case Google doesn’t like them anymore it could go easily south.
    Mar 221
    • Facebook vggy677
      Isn't that every website? Either get referrals from Google or Facebook. Or you are Google or Facebook.
      Mar 22
  • VMware zxzam
    Congrats everyone at Pinterest!
    Mar 220
  • MailChimp nLFI17
    So are we gonna start calling it FAPANG?
    Mar 223
    • Uber / Eng
      AywB51

      UberEng

      PRE
      Apple, Microsoft
      AywB51more
      New acronym called PAUL.
      Mar 23
    • Amazon mudgutcvhg
      Pinterest, Airbnb, Uber - & l?
      Mar 23
    • Amazon mudgutcvhg
      Lyft!
      Mar 23
  • I’m gonna long Pinterest
    Girls love that site
    Mar 231
    • Google LyLs67
      Not girls uncool moms
      Mar 23
  • Oath OPnd70
    Wonderful price to short!
    Mar 220
  • Microsoft gfba68
    Pinterest is arguably under monetizing. It's a product marketer's dream. Decent upside IMO. That said, I won't be buying. But I wish I'd thought of it. I wonder if their platform has any APIs one could use to build up a smallish side business. Pinterest people, what do you think? You could pimp the shit out of some affiliate products if you could drive traffic. Think "this is my living room and you can buy everything in it through my affiliate link"
    Mar 232
    • Walmart.com strategybs
      I can't tell you how many times I've seen pins of stuff I wanted to buy but couldn't locate. I think there's a lot of untapped potential, especially in home goods.
      Mar 25
    • Microsoft gfba68
      Yeah I agree. The question is do the APIs enable you to easily insert product links? You'd need easy access to the image itself to extract the products
      Mar 26
  • LinkedIn Eng155
    Strong hidden unicorn for sure.
    Mar 261
    • Pinterest PJqy52
      Weren't hidden, just typical silicon valley engineers can't imagine a product existing that doesn't speak to their needs :) not saying you, but that's been the general blind feedback
      Mar 27
  • Oath OPnd70
    Dot Com Bubble Burst 2.0
    Mar 220
  • Amazon threesigma
    Thanks for the update! Now I can start my weekend!
    Mar 220
  • Microsoft serbiawolf
    What is the point of building a company keep loosing money
    Mar 228
    • Oath OPnd70
      To sell shares to unsuspecting fools, hello!!
      Mar 22
    • Microsoft serbiawolf
      That’s true. Good point.
      Mar 22
    • New / Eng🌲FD
      The expectation is that it will eventually become profitable. Top line before bottom line. Bottom line can be optimized later.
      Mar 22
    • Oath OPnd70
      Twitter thought the same thing.
      Mar 22
    • Uber fellow99
      Twitter is doing fine
      Mar 23
    • Amazon LoanerBadg
      What is top line?
      Mar 23
    • New / Eng🌲FD
      Top line is revenue.
      Mar 23
    • Microsoft wellala
      People lost opportunities to make money from Amazon and Google stock due to this idea.
      Mar 25
  • Google LyLs67
    Why are they losing money? It the revenue real or they are giving incentives to customers to spend on ads, effectively inflating revenue
    Mar 222
    • Square / Engsj42hc
      I was wondering the same. Didn't Amazon let them to use instances for free? I also heard all their employees are volunteers wfh.
      Mar 22
    • New / Eng🌲FD
      Volunteers WFH? Aren't they stand to make millions from upcoming IPO?
      Mar 22
  • Lyft g5tv
    Another social network? IG will kill it with ease.
    Mar 231
    • Pinterest nRmb11
      You must not have used it. It’s not very social. I don’t even follow my wife
      Mar 23
  • Memorial Sloan aVLs40
    Wait so like the picture company
    Mar 220
  • Google Techmeme
    All these new companies will initially go higher, but eventually will crash. Then they will die a slow death. The investors just want some good return on their money so they might be the ones behind pushing for IPO. My prediction
    Mar 233
    • Oath OPnd70
      Hopefully employees can cash out before
      Mar 23
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Totally agree . With slower economy it is matter of time before cash burning companies without any sight of profit crash
      Mar 23
    • Oath OPnd70
      That’s why they’re IPO’ing bo , otherwise they’ll need to wait another 5-10 years..
      Mar 23
  • Bloomberg / Eng
    Fork()

    BloombergEng

    PRE
    Amazon
    Fork()more
    Better sell as soon as the lockup period expires and the next recession hits. Coincidentally, the next recession isn't too far out.
    Mar 222
    • Oath OPnd70
      Why do you think all these companies are IPO’ing? You think it’s a coincidence?
      Mar 22
    • Nokia / Otherhjd84kf
      What will be the catalyst for this recession?
      Mar 23
  • Slack xSWh53
    Congrats. Millionaires ~
    Mar 221
    • Twitter FANGT
      Wait 6 months after ipo
      Mar 22
  • Uber / Eng
    AywB51

    UberEng

    PRE
    Apple, Microsoft
    AywB51more
    Well played and well deserved. Good luck Pinterest!
    Mar 220
  • Postmates dancingkng
    Like FB, Pinterest will have to beef up its revenue model post-IPO so I suspect a steep drop in MV is in order. It will have to dominate the home goods/cooking/wedding/events markets for it to have a chance to climb back up. IG has fashion/e-commerce locked down, and it’ll be hard to convince advertisers to shift their focus to Pinterest as a viable ad platform. I think food/home design/event vendors will find Pinterest to be a better venue vs IG, but P has to seriously upgrade their capabilities
    Mar 232
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      What is IG ?
      Mar 23
    • Cooler version of Facebook
      Mar 23
  • Citrix Systems BkkF83
    Why would someone invest is a net loss company that is going public?
    Mar 241
    • Splunk
      EEOCvsSPLK

      Splunk

      BIO
      Engineering
      EEOCvsSPLKmore
      Because they are suckers.
      Mar 24
  • GET READY TO SHORT!!!!!!!!
    Mar 221
    • New / Eng^ v ^
      Finding a broker willing to lend you shares for shorting could be a challenge.
      I am not positive that option trading is available at IPO, need to double check.
      Mar 23
  • eBay / IT
    manorama

    eBayIT

    BIO
    Coder
    manoramamore
    Most likely these companies like Pinterest will be dead soon, with slower economic growth and no additional funds to burn money to sustain continuous losses. No way the growth of users can be increased over , when economy is at its peak , and there are real expectations of slowing down within 1-2 years . Most likely only cash cow companies can survive slow market . Short Pinterest
    Mar 230
  • LinkedIn / Productgassoup
    Pinterest risks being the next Yelp but I bet it will take time for stocks to bomb, people there will do alright
    Mar 230
  • Microsoft nom dom
    They need to monetize their posts more and get into the product game.
    Mar 220
  • Dropbox HTfx25
    BUY THE DIP! CANCEL ALL ORDERS!
    Mar 220
  • Intuit / Eng
    j123x

    IntuitEng

    PRE
    Cisco, Verizon, Oracle
    j123xmore
    $10 B? What's in it for that?
    Mar 220
  • Facebook new grad 7
    Not even a billion in revenue per year??
    Mar 222
    • Houzz alphac
      Hmm sounds like “Not even 1 million TC and still working??”
      Mar 22
    • Facebook Hodinkee
      Awaiting impact in ads team ;)
      Mar 22
  • New / Eng
    helloK

    NewEng

    PRE
    Cisco, Elsevier
    BIO
    software fullstack engineer in Bay Area.
    helloKmore
    What is MAU?
    Mar 221
    • eBay / ProductJ38aP
      Monthly active users
      Mar 22
  • LinkedIn 黃帝
    Maybe. I think a lot of these are going to get shit on when they finally get to market
    Mar 220
  • Apple
    Onsjsm

    Apple

    PRE
    Intuit
    BIO
    Engineering, devops,AI,database cloud,infrastructure
    Onsjsmmore
    Can we take stocks pre ipo
    Mar 220

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