pinterest

On March 22, the visual search engine Pinterest submitted an official application for an initial public offering (IPO). According to Bloomberg , during the IPO, the company can raise about $ 1.5 billion and get a valuation of $ 12 billion. As previously reported, Pinterest plans to enter the IPO in mid-April. In the application, the company also disclosed the latest statistics on the service. So, at the end of 2018, the monthly Pinterest audience was 265 million people against 216 million a...

In 2018, the growth of the visual service Pinterest suffered because of the updated search algorithm Google. This is stated in the application for IPO filed by the company the other day. According to the document, in the first quarter of 2018, Google de-indexed the landing pages on Pinterest, which affected the search traffic and the growth of the user base of the service for the rest of the year. The company said that they could not recover from the damage caused to the site by Google’s...

The visual search service Pinterest began trading stocks on the New York Stock Exchange. They got the PINS ticker. At the opening, the value of the company’s shares rose by 25% from the IPO price – from $ 19 to $ 23.75 per share, while capitalization exceeded $ 12 billion. During the course of trading stocks continued to grow. At the end of the trading day, their value increased by 28.42% to $ 24.40 per share, while capitalization approached $ 13 billion. Pinterest filed an official app...