Summary: Pinterest is one of the largest image-sharing platforms and social media networks, with almost half a billion active users. To buy Pinterest shares, investors can register an account with a regulated online stock trading platform such as eToro.
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About Pinterest
Pinterest (NYSE: PINS) is one of the most popular social media platforms and visual discovery engines that allows users to discover and share ideas for various topics and interests. The platform is known for its unique approach to social networking, focusing primarily on the sharing of images and ideas by means of virtual pinboards, hence the name.
How to buy Pinterest stock: Step-by-step
Pinterest went public in 2019, nine years after its launch. Its Class A stock is listed on the New York Stock Exchange (NYSE) under the ticker PINS. Moreover, the company is a component of the Russell 1000 index.
To buy Pinterest stock, you can take the following simple steps:
Step 1: Find a broker
To start investing in Pinterest, you must first find a reliable stock broker that will give you access to the PINS stock.
Our go-to broker for Pinterest and social media stocks in general is:
eToro
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
As you evolve as an investor and start exploring alternative investment strategies, you may want to explore some other brokerages and see how they can facilitate your approach. To find a platform that aligns with your changing investment strategies, you can:
- Compare fees: First and foremost, evaluate commission rates and account maintenance fees to ensure they align with your budget and investment goals;
- Seek user-friendliness: Ensure the chosen trading platform is user-friendly and easy to navigate;
- Demand robust security measures: Never settle for a platform that does not take cybersecurity seriously;
- Check stock availability: Make sure the brokerage lists the stock you wish to buy;
- Assess additional features: Additional trading tools like real-time data analytics can help you craft a more detailed investment strategy.
Step 2: Register and fund your account
When you select a broker, you can set up a trading account. When registering, you’ll need to provide your personal and banking details, choose a preferred payment method, and make an initial deposit that will vary from platform to platform ($10 with eToro, for example).
You will typically have multiple funding options, including:
- Bank account transfers.
- Wire transfers.
- Third-party payment systems like PayPal.
- Transfers from other accounts.
Note
Step 3: Execute Your Trade
Finally, you can place an order and buy Pinterest shares. To do so, you can:
- Search for the stock: Locate the stock on the broker’s main interface by looking up its ticker symbol (PINS) or the company’s name in the designated search bar;
- Select your order type: Choose among various order types, e.g., market, limit order, stop-loss;
- Specify the number of shares you want to buy;
- Review order details and confirm your order.
Pinterest stock price today
Pros and Cons of investing in Pinterest and social media
Pros
- Pinterest is one of the most popular image-hosting platforms and the most popular social media network of its kind;
- The platform is popular among advertisers;
- The user base is steadily growing.
Cons
- Despite having a user base of almost half a billion, the platform’s niche is kind of limited compared to, for example, networks operated by Meta Platforms (e.g., Instagram);
- The company spends a lot on infrastructure and marketing.
How to buy Pinterest stock safely
Investing in Pinterest and other stocks always carries some risk. However, you can minimize those risks by acquainting yourself with some common investing mistakes and trying to:
- Doing your own research (DYOR): Before making any investments, conduct thorough research into Pinterest and the always-changing social media market;
- Set clear and realistic goals: Consider why you want to invest in Pinterest and learn how to set realistic goals — it is highly unlikely you will get rich overnight by investing in a single stock. Moreover, assess your risk tolerance because stock prices can be volatile;
- Monitor your investment: It is essential that you monitor your investment. That is, track Pinterest’s performance, read all relevant news, and keep track of developments within the company that could affect stock prices;
- Diversify: It’s generally wise to diversify your investment portfolio to reduce risk;
- Seek professional advice: If you’re unsure about investing in Pinterest, consider consulting a financial advisor.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Pinterest stock
How can I invest in Pinterest?
To invest in Pinterest, you can open an account with a regulated online stock broker such as eToro.
Does Pinterest pay a dividend?
No, Pinterest does not pay a dividend.
Where can I buy Pinterest stock?
You can buy Pinterest stock on an online stock trading platform such as eToro.
What is the Pinterest stock symbol?
The Pinterest stock symbol is PINS.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
