Pinterest Is No Snapchat

Apparently vanishing dick pics > internet scrapbooks.

$11 billion!

Either sexting is a much better business than online scrapbooking favored by the middle-aged, or Pinterest is being super-modest. At least, as modest as one can be in claiming that one’s value has more than doubled in the past nine months, while still suggesting you’re worth only about half the (usually) self-destructing dick-pic message system.

Pinterest is in talks to raise $500 million in a round of funding expected to value the five-year-old company at around $11 billion….

With the latest round, investors peg Pinterest’s value at more than twice the $5 billion price tag it was assigned when it last raised funds last May.

Pinterest Seeks $11 Billion Valuation With New Funding [WSJ]
Snapchat Said to Seek Up to $19 Billion Value in Funding [Bloomberg]