https://techcrunch.com/2016/10/04/pinterest-lagged-behind-leaked-revenue-forecasts-in-2015/amp/
look at the engineering churn, it's bad...
They are failing but happy!
Hiring a CFO from Twitter?! 😂😂😂
whats wrong with that? Its not a CTO role.
Twitter is not famous for their financials 🤓
It's sad actually. Expect no IPO from Pinterest.
Don't read too much into this. Pinterest fundamentals, both engagement growth and revenues are strong. Our expectations were way too high and that is also fine.
I seriously hope everything works out for you. I've been at a couple high flying startups and learned the hard way. Just remember that $11B valuation is predicated on explosive growth. A Board that sets "way too high expectations" is a bad thing. Your equity can and will be impacted by this. I was series A at one of the hotest startups and mine certainly was hit hard when things sputtered. Not being negative, just sharing my experiences so you can make an informed decision.
Agree Pinterest is worth $3-4b tops. It's an artifact of social media circa 2011
This article is far removed from reality. I wouldn't rely on this for info on how we are doing. I think many people will be surprised by our success when we file.
The article's data which it draws conclusions from seems kind of sketchy. Comparing actual 2015 Pinterest revenues to projected 2016 and 2017 Snapchat revenues, and then concluding Pinterest is doing worse than Snapchat in the monetization department.
yes its not rosy but at the same time not as bad as the article projects.
This article is silly. Pinterest will be easily worth 200B+ by 2020. 500 million users at $20 a user = $10B revenue x 20 multiple = $200 billion. We will likely acquihire Uber for a few hundred million in stock after their epic collapse in 2019.
Dreamer
Not with that attitude mx, take that negativity elsewhere! If we just think positive it will happen!!
I just created a new board called losers and pinned this