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Pinterest offers $15-$17 per share in IPO, Values below than $12 billion

8Apr By AdityaNo Comments

Market

Pinterest offers $15-$17 per share in IPO, Values below than $12 billion

Social media platform Pinterest Inc set a price range of $15 to $17 per share for its IPO valuing it below than the $12 billion at which the company raises the last funding in 2017. Pinterest offers 75 million shares through its IPO. After this proposal, the company valuation will be at $10.6B vs previous valuation of $12.3B Earlier, Reuters had reported that Image search social media platform Pinterest list itself on the New York Stock Exchange under the symbol “PINS”. The company, which owns the image search website known for the food and fashion photos that its users post, reported annual revenue of $755.9 million in 2018, up 60 percent from a year earlier. But it remains unprofitable even though its net loss narrowed to $62.97 million in 2018 from $130 million a year ear...

23Mar By AdityaNo Comments

Market

Pinterest files for IPO on NYSE

Pinterest, an image sharing platform with an estimated 250 million users, filed for a public share offering Friday, the latest of the big venture-backed startups to hit Wall Street. The San Francisco-based bulletin board that connects people with interests including food, fashion, travel and lifestyle said it would trade under the symbol PINS on the New York Stock Exchange. "Pinterest is where more than 250 million people around the world go to get inspiration for their lives," the company said in its filing with the Securities and Exchange Commission, which is expected to seek a valuation of around $12 billion. "They come to discover ideas for just about anything you can imagine: daily activities like cooking dinner or deciding what to wear, major commitments like remodeling a h...

San Francisco based Pinterest Appoints its First-ever CMO

8Nov By Gauri SinghNo Comments

USA

San Francisco based Pinterest Appoints its First-ever CMO

San Francisco based web and mobile application Pinterest has appointed its first-ever CMO. The company has taken on board Andréa Mallard, the former chief marketing officer of the Gap-owned line of athleisure clothing Athleta. Following the appointment, Mallard will report to the visual search company’s chief operating officer Francoise Brougher, who joined in February. Prior to this, he worked for payments company Square. Talking about Mallard, she previously spent four years as CMO of digital health company Omada Health and eight years with IDEO, where she led the company’s global brand strategy practice. Here, at Pinterest, she will be responsible to oversee Pinterest’s global marketing and creative teams. “I am very excited that Andrea has joined our team,” said Francoise Brough...

San-Francisco based Pinterest Prepping up for Global Expansion

26Sep By Gauri SinghNo Comments

BUSINESS

San-Francisco based Pinterest Prepping up for Global Expansion

San-Francisco based web and mobile application Pinterest is looking forward for global expansion and is eyeing India and Southeast Asia next. The USA unicorn valued at over $12 billion allows users to create virtual pinboards and discover information on the World Wide Web. The platform currently claims to have 250 million monthly active users, half of them outside the US. Almost 80% of the company’s new users are from international markets. “Last few years, we have focused on South America, Western Europe and a bit on Japan. This year we are increasingly thinking about Southeast Asia, India and other parts of the world we haven’t serviced,” co-founder Evan Sharp stated. Pinterest has launched seven offices in international markets. Along with this, it had also introduced the Hindi lan...

Twitter Founder Invests in Delhi based AI Startup

23Apr By Lavina TolaniNo Comments

FUNDING

Twitter Founder Invests in Delhi based AI Startup

Twitter Co-founder Biz Stone has invested in his "personal capacity" in a Delhi based health startup that makes use of an artificial intelligence bot in its app, as he wants to contribute to a future where AI is seen as a "positive enhancement of humanity". "Visit", founded in 2016 is an on-demand healthcare service provider that facilitates consultation from a pool of medical specialist and general physicians to its users. The startup has recently introduced an AI-based "chatbot" which acts as a digital assistant to provide "smart help" to patients in accessing doctor's consultation. Indian investors Rohit Bansal and Kunal Bahl, co-founders of Snapdeal have also invested in their personal capacity in Visit. Vaibhav Singh, Co-founder, and Head at Visit said, This is country's ...

7Jun By reutersNo Comments

FUNDING

Pinterest Raises $150M Funding, Valuing Company at $12.3 Billion

Pinterest, which develops visual search technology and allows users to save images on its website, has raised $150 million from existing investors in its latest round of funding valuing the company at $12.3 billion, a company spokeswoman said on Tuesday. The latest funding round has increased the company's valuation from $11 billion when Pinterest raised $367 million in March 2015. Pinterest, which was founded in 2010, introduced a new search tool in early February called Lens to boost its advertising revenue. Lens helps users to discover ideas inspired by objects in the real world that are detected through a device camera. The additional capital will be used for further investments in visual technology and global expansion, the spokeswoman said in a statement over email. The S...

Mark Zuckerberg Social Media Accounts Hacked and Hacker Claims The Password was “dadada”

6Jun By NitishNo Comments

News

Mark Zuckerberg Social Media Accounts Hacked and Hacker Claims The Password was “dadada”

A hacking group OurMine Team has claimed responsibility for Hacking social media accounts belonging to Facebook founder Mark Zuckerberg. Mark Zuckerberg’s Twitter and Pinterest accounts were hijacked by the hacker group on Sunday. “Hey @finkd, you were in Linkedin Database with the password ‘dadada’ !,” the team wrote from Zuckerberg’s Twitter page. On his Pinterest, the new title was “Hacked by OurMine Team.” Ouch. Mark Zuckerberg's social media accounts have been hacked pic.twitter.com/KvVmXOIg5s— Ben Hall (@Ben_Hall) June 5, 2016 Later the tweet was deleted from the account and the account has been seized. Zuckerberg did not tweet on his rival social network since January 2012. Hackers claimed the “dadada” password leaked through a massive data breach on Linke...