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Tag: snap

Pinterest Stock: Price to Sales Risky

Last month, I wrote an article on how mobile application companies hide user attrition and how Pinterest and Snap bury important key metrics in 10-Ks and S-1 filings. One thing I stated is that financials in tech companies can be misleading when not accompanied by scrutiny of the underlying business. For example, there are a couple of terms that are important to social media growth. I italicized growth because I presume investors will demand growth from Pinterest following the IPO and the nearly 50% rise in stock price we’ve seen over the last month. Interesting enough, despite the stock climbing…