The internet has become an indispensable tool in our globalized society. Its demand is constantly escalating, largely attributable to the increasing prevalence of hybrid home-office work models, e-commerce, online learning platforms, digital gaming, and virtual communication.
As per Statista, as of April 2023, the global internet penetration rate was 64.6%. Out of the 5.18 billion people worldwide using the internet, over 311.30 million have access to it in the United States, many of whom could no longer imagine a life without it. Given this backdrop, let us consider whether internet stock Pinterest Inc. (PINS) could be an ideal portfolio addition or not.
