Wednesday, May 16, 2012


Pinterest valued at 1 billion

pinterest money
If Pinterest really is worth 1 billion,
no one can dispute that it is a worthwhile target for a lawsuit.

According to a source on TheNExtWeb (TNW), "this most recent round of funding is said to include Bessemer, Andreessen Horowitz, FirstMark," and Rakuten. They have raised between 100 to 120 million fresh millions of dollar in funding, depending on the source.

Rakuten, a giant Japanese e-commerce company that already owns Kobo, and is a lead investor."When asked about potential copyright infringement issues, Rakuten responded saying that Pinterest will ultimately overcome such problems. "

We hope they are wrong about this.

One billion may actually be an underestimate for the worth of all the content that Pinterest users have scraped from unwilling or unknowing third parties.

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