ピンタレスト【PINS】の掲示板 2021/07/31〜2021/11/08
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>>65
>@invesquotesさんのtweetより
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>22/ Conclusion from the ER
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>$PINS was trading at a premium valuation because expectations were high and, seeing that the market was punishing engagement metrics, the sell off was expected
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>My bull thesis has always been monetization due to the alignment of users + advertisers…
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>23/ …and I knew that MAUs could suffer, esp taking into account the growth COVID pushed forward.
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>Management is executing very well on monetization and runway ahead is significant.
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>Will obviously monitor engagement going forward but it was clear that some users would leave
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>24/ All in all, my bull thesis is intact so my conviction is still high. Would’ve loved to see high revenue growth driven by both ARPU and MAUs but sometimes you gotta know what you own!
インベスクォーツさんのツイートより
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>22/ ERからの締めくくり
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>期待値が高かったためにプレミアム価格で取引されていた$PINSは、市場がエンゲージメント指標を評価していることから、売りが予想されていました。
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>私は、ユーザーと広告主の連携によるマネタイズを常に念頭に置いています。
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>23/ ...そして、COVIDが推し進めた成長を考慮すると、MAUが減少する可能性があることもわかっていた。
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>経営陣はマネタイズを非常にうまく実行しており、先のランウェイは大きい。
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>今後、エンゲージメントをモニターしていくことは当然ですが、一部のユーザーが離れていくことは明らかでした。
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>24/ 結局のところ、私の強気のテーゼは変わらず、私の信念はまだ高い。ARPUとMAUの両方によってもたらされる高い収益成長を見たかったが、時には自分が何を所有しているかを知らなければならない。
ald*****
@invesquotesさんのtweetより
22/ Conclusion from the ER
$PINS was trading at a premium valuation because expectations were high and, seeing that the market was punishing engagement metrics, the sell off was expected
My bull thesis has always been monetization due to the alignment of users + advertisers…
23/ …and I knew that MAUs could suffer, esp taking into account the growth COVID pushed forward.
Management is executing very well on monetization and runway ahead is significant.
Will obviously monitor engagement going forward but it was clear that some users would leave
24/ All in all, my bull thesis is intact so my conviction is still high. Would’ve loved to see high revenue growth driven by both ARPU and MAUs but sometimes you gotta know what you own!