Due to rising gas prices, states are exploring more stimulus checks. Because of the Russian invasion of Ukraine, gas prices have risen above $6 per gallon in several areas of the US.
Now some lawmakers are planning to issue gas reimbursements to voters. For example, California’s governor wants to give residents $400 for each registered vehicle, up to two automobiles per family. Not just Florida is considering a stimulus to assist people to cope with increasing gas prices.
If you expect a stimulus check from higher gas costs and won’t need it for several years, investing in the stock market may be a good idea. Pinterest ( PINS 0.83%) is a stock down 71% that you may buy right now.
Pinterest’s Revenue Grows
Pinterest is a photo-sharing app. It, like many others, thrived as the virus spread and billions of people stayed home. It now has 478 million monthly active users. Pinterest generates money by showing adverts to people as they browse.
It was already performing well before the outbreak. Profits soared from $476 million to $1.1 billion in three years. From 2019 to 2021, the company’s revenue increased from $1.1 billion to $2.6 billion due to the pandemic.
In 2021, advertisers will spend $763 billion on Pinterest. Pinterest has a long runway if it can keep expanding monthly active users and encourage them to spend more time on each visit. YouTube, Instagram, and TikTok are all free to use.
Management must continually innovate to keep existing users and attract new ones.
Pinterest has recently struggled to keep people’s attention. The corporation has lost 55 million monthly active users for three quarters in a row. It blames the reopening on the economy. People are spending less time at home and less time on Pinterest for ideas on cooking, decorating and organising.
Pinterest isn’t complacent. Earlier this month, management revealed several new initiatives, including a personalised shopping location dubbed Your Shop. Other new features allow consumers to buy products from merchants more easily.
Pinterest Stock Is Cheap Currently
Concern over user losses drove the stock price down 71% from its high. Long-term investors can now acquire Pinterest shares at a price-to-free cash flow multiple of 23, the lowest in the firm’s short history as a public corporation. This deal may not last long, so spend your gas rebate quickly.