Pinterest IPO'd this week, so I thought it would be a good opportunity to compare it to its peers in the space (Digital media? Social network? You decide!). Twitter is, of course, the old dog of the group, having launched in 2006 and IPO'd in 2013. Snap sprouted around the same time as Twitter's IPO, in 2012, and IPO'd in 2017. Pinterest falls somewhere in the middle, having launched in 2010 but taking the now-popular long path, to the public markets.
Well it wasn't the chart! Seriously, though, some people trade and some people invest - I do both. I trade the S&P 500 but I also have a portfolio of a half-dozen stocks (now seven!) that I hold. From time-to-time I may add or reduce the amount of money that I have in any particular holding, but they are what they are - permanent holdings (diversification is a farce, prove me wrong!). The subject of this post, though, is a rare addition to the portfolio, that I made today: Twitter.