Pinterest Inc.

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Pinterest, Inc.

logo
legal form Incorporated
ISIN US72352L1061
founding March 2010
Seat San Francisco , California , United States
management Ben Silbermann, CEO
Number of employees 2,217 (2019)
sales $ 1.14 billion (2019)
Branch Visual search engine
Website pinterest.de
As of June 6, 2020

Pinterest Inc. is a US company based in San Francisco , California . The company owns the social network Pinterest . Pinterest Inc. has been listed on the New York Stock Exchange since April 2019.

history

Before founding Pinterest Inc., Ben Silbermann worked in the online advertising workgroup at Google. With his college friend Paul Sciarra and the former Facebook employee, Evan Sharp, he developed the idea for Pinterest in California from 2009. Pinterest Inc. was founded in March 2010 and the first version of Pinterest went online for a closed group of users. In the fall, the three founders then unsuccessfully looked for a major investor or buyer for Pinterest. In the spring, the founders developed Pinterest for the iPhone. As a result, Time magazine listed Pinterest among the 50 best new websites. In December 2011, Pinterest had 11 million weekly visitors, making it in the top 10 social networks. From 2012, anyone could register on Pinterest without an invitation. It was then that Pinterest started raising venture capital. At the end of October, Pinterest then created the option of business accounts. In 2013, Pinterest had 40 million users. Pinterest also announced the new Promoted Pins feature . In 2017, Pinterest increased its share capital by $ 150 million and the company was valued at more than $ 10 billion.

initial public offering

On April 18, 2019, Pinterest Inc. (NYSE: "PINS") went public on the New York Stock Exchange at a price of $ 19 per share . On the first day of trading, the stock made a jump of almost 25% to $ 24.85 by the end of trading.

Business figures


Ben Silbermann
in millions of US dollars
year sales Profit Total assets Employee
2017 373 −130 0
2018 756 −53 1,153 1,797
2019 1,143 −1,361 2,393 2,217

Web links

Individual evidence

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  2. a b employees 2017-2019. macrotrends.net, accessed June 6, 2020 .
  3. a b Sales figures 2017-2019. macrotrends.net, accessed June 6, 2020 .
  4. Pinterest: Company. Pinterest Inc., accessed June 6, 2020 .
  5. Harry McCracken: 50 Websites That Make the Web Great. Time Magazine, August 16, 2011, accessed June 6, 2020 .
  6. JVG: Surprise hit Pinterest a top 10 most-trafficked social network. VentureBeat, December 22, 2011, accessed June 6, 2020 .
  7. Matt: It's Official: You No Longer Need an Invitation to Join Pinterest. Total Pinterest, August 9, 2012, accessed June 6, 2020 .
  8. Aaron Pragnell: Pinterest fundings. Forbes, July 2, 2012, accessed June 6, 2020 .
  9. ^ Sebastian Dramburg: Business accounts on Pinterest. November 19, 2012, accessed June 6, 2020 .
  10. 40 million users on Pinterest. royal.pingdom.com, February 26, 2013, accessed June 6, 2020 .
  11. Jan Firsching: Advertising on Pinterest: Promoted Pins will come. FutureBiz, September 20, 2012, accessed June 6, 2020 .
  12. Matthew Lynley: Pinterest raises $ 150M at a $ 12.3B valuation as it makes a full press into visual search. techcrunch.com, June 6, 2020, accessed June 6, 2020 .
  13. Pinterest pulls billion dollar IPO in New York - Pinterest share initial price at $ 23.75. finanzen.net, April 18, 2019, accessed June 6, 2020 .
  14. Profit 2017-2019. macrotrends.net, accessed June 6, 2020 .
  15. Balance sheet total 2017-2019. macrotrends.net, accessed June 6, 2020 .