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Pinterest: 40% Dip Provides Opportunity To Long-Term Investors
Seeking Alphaยท 2025-04-21 16:00
Company Overview - Pinterest, Inc. (NYSE: PINS) is a visual discovery platform focused on helping users find ideas and inspiration across various categories such as home decor, fashion, food, and travel [1] Investment Strategy - Noor Darwish, a former management consultant, specializes in investing in companies trading at significant discounts to their net asset value or liquidation value, and has recently shifted his portfolio fully into crypto [2] - Darwish achieved a 250% gain by investing in GDLC at $6 per share and selling at $21, outperforming both Bitcoin and the broader market [2] - He has also invested in Grayscale private placements, realizing an 80% gain in 6 months [2] Tax Strategy - Darwish relocated to Puerto Rico to benefit from a 0% capital gains tax rate on equities and cryptocurrencies under the Act 60 program, allowing him to avoid taxes on his significant gains [2] Job Application Service - Darwish runs OverApply, a job application service that has applied to over 300,000 jobs on behalf of clients, resulting in more than 4,000 interviews and 500 job offers [2]