Monday, 18 February 2013

Pinterest valuation

Pinterest, is the social scrapbooking site that allows users to 'pin' online pictures to boards and group them together in terms of interest. Users can follow each other and join groups, all based around the themes of the boards. With over 48 million users, it's a classic social media success story, although it has no obvious revenue stream.

The company is now seeking to raise more funds against a valuation of between $2 and $2.5 billion. But will it go so high, even after the recent fall in Facebook shares? The company is still in talks.

For everything you need to know about using Pinterest, check out our beginners guide.

Sources: Wall Street Journal/Search Engine Journal

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