PINTEREST

ABOUT 

          Pinterest is an image sharing and social media service. It is basically designed to specifically share ideas on the internet using images, animated GIFS and videos.It is operated by Pinterest, Inc.

FOUNDER OF PINTEREST 

          Pinterest was created by BEN SILBERMANN  , PAUL SCIARRA and EVAN SHARP. It was founded on DECEMBER 2009. It is headquartered in San Francisco , California ,U.S. Originally it is based is Palo Alto.

Key People: 

* BEN SILBERMANN ( CEO)

* FODD MORGENFELD ( CFO)

HISTORY 

          The idea of Pinterest emerged from an earlier app Tote . It served as a virtual replacement for paper catalogues.

 

The development of Pinterest began in 2009. In 2010 , the site launched the prototype as " closed beta".

In 2011 , the site became one of the top 10 largest social networking services. 

In 2012 , it launched business account.

 In 2017 , it removed post "liking" feature . 

In 2019 , the  total valuation of the company at the time reached $12 billion.

 In 2020, it reported an advertising revenue .

In 2021,it announced "Pinterest Premiere", a video ads product . 

At the end of 2021, it acquired editing and video creation app Vochi.

NET WORTH 

The popularity of Pinterest spans multiple genaration.

Net income              -  316.438 Million

Operating income   - $326.187 Million

Total assets             - $3.537 Billion

Total equity              - $3.038 Billion

BENEFITS

•   for finding ideas like recipes, home and               style  inspiration.

•  help students to develop problem solving            skills.

•   boosts awareness.

•   design a better classroom.

•   increases sale.

•   additional blog traffic.

•   converts more browser into buyers. 

URL 

     www. pinterest.com