Could Pinterest already be worth $500M? Digital pin-board site Pinterest is scorching hot.
People are pinning like crazy. Publishers are benefiting from an uptick in Pinterest-driven traffic. And venture capitalists are tripping over themselves to get a piece of the social property. But does all this interest warrant a $500 million valuation, especially without any substantial revenue streams to speak of? Absolutely, says private financial data company PrivCo. Pinterest valued at $1.5bn after just a year as Facebook set for record IPO. By Eddie Wrenn Published: 16:25 GMT, 17 May 2012 | Updated: 07:35 GMT, 18 May 2012 Social networking site Pinterest has already raised $100million from a group of investors in a deal that reportedly values the three-year-old U.S. company at $1.5 billion.
The investors, headed by Japanese online retailing giant Rakuten Inc, means the value of the company has shot up at a staggering rate, following a valuation at the end of last year which pegged the company at $200m. Pinterest is an online scrapbook where users can 'pin' images and follow images by other people. It had less than one million users in May 2011 - but that jumped to about 20million by this April, according to comScore. The homepage of Pinterest website: The company is now being valued at £1.5bn, despite being new to the market Pinterest is the 16th most-visited site in the United States, according to Web information company Alexa.
13 Fun Facts About Pinterest Users (INFOGRAPHIC) Though it launched nearly two years ago, Pinterest has recently taken the internet by storm with its clean, image-heavy interface and fresh take on social networking.
The pinboard-style, taste-sharing website recently hit 10 million unique monthly views faster than any standalone site in U.S. history. The image "pinning" model, on which Pinterest is based, has already spawned nearly a dozen look-alike sites that focus on everything from Jeremy Lin to pornography. But who exactly are the users who have brought Pinterest so quickly to the top of the social heap, and how are they putting the site to use? Virginia-based digital advertising agency Modea helped to answer these questions by creating the "veryPinteresing" infographic below, which was posted on Modea's blog on February 25. Why deleting your Pinterest boards over copyright concerns is an overreaction – Lex Technologiae. Kirsten Kowalski of DDK Portraits wrote a blog post about why she “tearfully” took down her Pinterest boards.
The reason she gave was her concern over copyright infringement and the liability she felt she had opened up. Her blog post went viral, including an article on the ABA Journal about it, in part (I believe) because she is a lawyer. (Full disclosure: She graduated from my legal alma mater, Cumberland School of Law in Birmingham, AL, at least 5 years before I did.) In Shift, Pinterest Says to Pin Your Own Stuff.
STUDY: Pinterest Tops Facebook In Shopping Engagement. As Facebook enters the ecommerce game, a new study shows that it still has work to do to catch up with Pinterest.
For Those Freaking Out Over Pinterest's Terms Of Service, Have You Stopped Using Every Other Internet Site Yet? The State of Pinterest: What Content Marketers Need to Know Now. Pinterest Search: Why It Sucks and How You Can Improve It. (1) Pinterest: How can Pinterest be improved. 12 Things You Should Know About Pinterest - Work ReimaginedWork Reimagined. For midlife entrepreneurs starting a small business, Pinterest can be a powerful tool for quickly getting attention, driving traffic to your website, and boosting revenues.
Pinterest is one of the fastest-growing social media networks ever. It’s the third most popular social network in the U.S. in terms of traffic, according to Experian Hitwise. It’s also one of the best social networks for driving social commerce. For example, the average e-commerce order from a Pinterest user is $179 compared to $80 for Facebook and $69 for Twitter, according to Danny Maloney, the CEO & co-founder of PinLeague, a Pinterest marketing platform for businesses. Maloney, who spoke recently at the Online Marketing Summit in Silicon Valley about how businesses can leverage the free Pinterest network, also says that Pinterest now accounts for over 20 percent of social commerce. Pinterest users create visual pinboards (photos and videos) of things they discover online or create themselves. 1.
Pins Piling Up? 5 Ways to Keep Your Pinterest Clean & Functional. I know what you're thinking.
Oh man, aren't there enough things in this world to clean? Now we have to tidy up our Pinterest boards? I'll leave it up to you to decide if it's worth your time, but I spent an hour doing some work on mine the other day, and it felt kind of good. I use Pinterest A LOT these days, so the pins build up quickly. The more current and relevant the boards are, and easy to navigate, the more useful it is as a tool. Here are a few suggestions: Alphabetize Your Boards: If you added up all the minutes you've spent looking for a particular board, you could have written the Great American Novel by now.