Pinterest Reports 25% Increase In Monthly Active Users to 250M
Two hundred and fifty million people are using Pinterest every month, up from 200 million last September, according to new numbers the company shared this morning. The visual search giant is also reporting that more than half of its users and 80 percent of new sign-ups come from outside the U.S.
“Pins,” or items saved to the site, are growing, too. There are now 175 billion of them, a 75 percent increase YoY.
To facilitate that growth, Pinterest has been on a hiring spree. It now has more than 1,500 employees, a 32 percent increase from last year.
The company has secured more than $1 billion in venture capital funding, most recently raising $150 million at a $12.3 billion valuation. Many expected it would make its highly anticipated public debut in early 2018, but that ship has sailed at this point. Now, reports indicate Pinterest is looking at a mid-2019 IPO and expects to reach $1 billion in annual revenue for the first time.Read the full article on TechCrunch