Live data from Hacker News

Pinterest S-1

sec.gov

21–30 of 181 posts

Re: Pinterest S-1

#21
post #10

I didn't know pinterest was a thing, I'm not sure anyone in France use it, is that only used in the US?

I don't know anyone in the US using Pinterest. It seems like a search engine gaming scam to me.

My wife uses it for finding recipes, bridal stuff when we were planning our wedding, home decorating ideas.

Re: Pinterest S-1

#22
post #3

Pinterest continuing the trend of teach companies IPOing with dual class share structures: "Following this offering, we will have two classes of common stock: Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock will be identical, except with respect to voting, conversion and transfer rights. Each share of Class A common stock will be entitled to on…

The verdict on dual class shares is not as unfavourable as is frequently made out in the press as attested to by a recent study in the Harvard Law School Forum on Corporate Governance and Financial Regulation: "The limited empirical evidence on the technology and emerging growth companies that are the target of these regulations is insufficient to support the adoption of new regulations, as the evidence that is avail…

Well, we will see if the population is smart enough not to buy into it post snapchat.

Re: Pinterest S-1

#23
post #12

Earlier quoted context omitted.

The verdict on dual class shares is not as unfavourable as is frequently made out in the press as attested to by a recent study in the Harvard Law School Forum on Corporate Governance and Financial Regulation: "The limited empirical evidence on the technology and emerging growth companies that are the target of these regulations is insufficient to support the adoption of new regulations, as the evidence that is avail…

Frankly, as a long term buy and hold investor, I actually prefer to invest in companies where the founders are solidly in control, assuming I believe in their abilities. It seems like it should free them from some of the pressure to optimize for the short term at the expense of long term success.

Like Snapchat.

Re: Pinterest S-1

#24

There is something junky about Pinterest and Quora— the experience of using it while not logged in is bad. Facebook has users in a strangle hold— afraid of alienating and being out of the loop on family affairs if they leave. Can someone convince me that Pinterest is not suceptible to an overnight diaspora if another service becomes more useful or fashionable? It’s great that Pinterest is making money but how will th…

Plenty of folks have years worth of recipes, fashion ideas, etc. saved, so you'd need a good Pinterest-to-new-service importer, which I suspect Pinterest's API (which is, in my experience, actively hostile to developers) makes quite difficult.

Re: Pinterest S-1

#26

Earlier quoted context omitted.

Curious how this would change if R&D was capitalized. Of course it would just make ebitda a less accurate proxy for cash flow but we’d still be looking at it very differently.

R&D was $208M in 2017 and $252M in 2018, which was about 45% and 33% of revenue, respectively.

Thanks on my mobile. So revenue grows at 1.5x while R&D grows at 1.2x. Having that asset on your B/S looks pretty good over a few years.

Re: Pinterest S-1

#27
"We have incurred operating losses in the past, anticipate increasing our operating expenses, expect to incur operating losses in the future and may never achieve or maintain profitability."

Says it all, really.

Re: Pinterest S-1

#28

"We have incurred operating losses in the past, anticipate increasing our operating expenses, expect to incur operating losses in the future and may never achieve or maintain profitability." Says it all, really.

This is standard statement on many s1s.

Re: Pinterest S-1

#29

"We have incurred operating losses in the past, anticipate increasing our operating expenses, expect to incur operating losses in the future and may never achieve or maintain profitability." Says it all, really.

This is standard and required language by the SEC for each IPO prospectus for companies without a clear history of profitability.

Re: Pinterest S-1

#30
If I'm reading their MAU charts correctly, they have way more MAU outside of the US than inside (82m vs 184m last quarter), not only that but international user growth is relatively strong compared to the US. That said, 94% of revenue last quarter was from the US, so they are not monetizing internationally really at all. If they can improve international monetization then there is a lot of room for revenue growth it would seem.
Post reply on HN