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The lead section of this article may need to be rewritten. Please discuss this issue on the article’s talk page. World Wide Web, mainly using images and, on a smaller scale, GIFs and videos. Pinterest CEO Ben Silbermann summarized the company as a “catalogue of ideas” that inspires users to “go out and do that thing”, rather than as an image-based social network.
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Development of Pinterest began in December 2009, and the site launched as a closed beta in March 2010. The site proceeded to operate in an invitation-only open beta. Silbermann and a few programmers operated the site out of a small apartment until the summer of 2011. Early in 2010, the company’s investors and co-founder Ben Silbermann tried to encourage a New York-based magazine publishing company to buy Pinterest but the publisher declined to meet with the founders. Nine months after the launch the website had 10,000 users.
The app would later be updated in March 2013. On August 10, 2011, Time magazine listed Pinterest in its “50 Best Websites of 2011” article. Initially, there were several ways to register a new Pinterest account. Potential users could either receive an invitation from an already registered friend, or they could request an invitation directly from the Pinterest website that could take some time to receive.
An account can also be created and accessed by linking Pinterest to a Facebook or Twitter profile. Co-founder Paul Sciarra left his position at Pinterest in April 2012 for a consulting job as entrepreneur in residence at Andreessen Horowitz. On August 10, 2012, Pinterest altered their policy so that a request or an invitation was no longer required to join the site. In October 2012, Pinterest announced a new feature that would allow users to report others for negative and offensive activity or block other users if they do not want to view their content. Pinterest said they want to keep their community “positive and respectful. Much of the service’s early user base consisted of infrequent contributors. A study released in July 2013 by French social media agency Semiocast revealed the website had 70 million users worldwide.
In 2014, Pinterest generated its first revenue, when it began charging advertisers to promote their wares to the site’s millions of hobbyists, vacation planners, and do-it-yourselfers. 500 million in 2016, estimates Michael Pachter, an analyst at Wedbush Securities. In October 2016, Pinterest announced 150 million monthly active users, 70 million in the U. Then in April 2017, they announced 175 million monthly active users, with 3x year over year growth in Germany and Brazil and 2x year over year growth in France and Japan. In March 2013, Pinterest acquired Livestar.
In early October 2013, Pinterest acquired Hackermeter. The company’s co-founders, Lucas Baker and Frost Li, joined Pinterest as engineers. In April 2015, Pinterest acquired the team from Hike Labs, which had been developing a mobile publishing application called Drafty. In June 2015, Pinterest unveiled “buyable pins”.
The item will arrive at the user’s door. In December 2015, Pinterest launched a new way for users to monitor price drops on buyable pins. When users save pins, they’ll get a heads up when a price drops in the form of an in-app notification and an email. They can then jump straight to that pin and make the purchase. In August 2016, Pinterest launched a video player that lets users and brands upload and store clips of any length straight to the site.