$PINS – Blowout ER. Few reasons why I'm more bullish now: With digital advertising still
significantly, co’s visual e-commerce platform will continue to be great magnet for monetization for years. ~90% of users feeling they got 'value' with majority being women is compelling.1/3

$PINS – Strong operating margin. Searches
2000% since beginning of ’20 with ~95% of top searches are non-branded giving advertisers plenty of opportunity. ~75% weekly pinners (WAU) discover new brand or product on the site
phenomenal platform impact. 2/3


$PINS - Once videos are available, it's going to be a paradigm shift for driving rev opportunity by further translating shared ideas into sales. Finally sales commission via Shopify prtnrship is going to be big wowza. 3/3