Pinterest to get $100m boost from Rakuten

Pinterest screenshot Pinterest allows users to "pin" their favourite content - including images and videos - from the internet

Related Stories

Social networking service Pinterest is to receive $100m (£63m) in funding from Japanese internet retailing giant Rakuten and existing investors.

Rakuten said the money would be used to improve Pinterest's service and expand its user base.

Analysts subsequently put a value on the two-year-old company of $1-1.5bn.

The investment comes as Facebook prepares to list on the Nasdaq stock exchange in a share sale that could value the company at more than $100bn.

Facebook recently agreed a deal to buy picture sharing website Instagram.

Pinterest also allows users to share pictures, by offering what it calls a "virtual pinboard", allowing users to post pictures and other content onto a personalised profile.

Pinterest has grown rapidly and with 12 million users is now one of the most visited sites in the US.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.