Pinterest said on Wednesday that it has surpassed 100 million monthly active members, in a milestone for the digital scrapbooking start-up, which has faced scrutiny over whether the size of its user base and business growth can justify its huge valuation. The company, based in San Francisco, has grown rapidly in the last five years, amassing a war chest from top venture capital investors and strategic partners, and gaining a valuation of $11 billion in the process. Pinterestâs highly visual interface — it is akin to a digital corkboard for saving pictures of places to visit and recipes to try — has influenced many other companies to make similar design decisions and rethink the importance of photos over text. Early comparisons pitted Pinterest against social networking companies like Facebook and Twitter. But Pinterest sees itself as more of an existential competitor to Google, a way for people to discover things they want to do in the real world rather than a social avenue. A newly engaged couple, for example, might search for âwedding giftsâ on Pinterest and see thousands of photos of items like flatware, linens or gravy boats. The couple can âpin,â or save for later, the things theyâre interested in or want their wedding guests to eventually buy for them. âPeople are planning out really core and important parts of their lives on Pinterest,â Ben Silbermann, Pinterest’s chief executive and a co-founder, said in an interview. Pinterest has faced questions about whether it is worth $11 billion. Like many Silicon Valley companies, the start-up deferred building its business in its early years and instead focused on refining its product and expanding its user base.
Home / Tech News / Pinterest discloses user numbers for the first time, says it crossed 100M monthly active users (Mike Isaac/New York Times)
Its first EV, the Taycan, should be revealed next year.