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July 04, 2015 11:56 PM ET

Internet Software and Services

Company Overview of Pinterest, Inc.

Company Overview

Pinterest, Inc. provides a platform to discover and save creative ideas for various projects and interests. Its platform allows posting content, including photos, comments, links, and other materials. The company’s platform also offers documentation guidance, sample codes, downloads, and tools for developers; and for business to get discovered by people looking for things to plan, buy, and do. Its platform can be accessed on Android and iOS devices. Pinterest, Inc. was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in November 2010. The company was incorporated in 2008 and is based in San Francisco, California.

808 Brannan Street

San Francisco, CA 94103-4904

United States

Founded in 2008

Phone:

650-308-4604

Fax:

415-762-7101

Key Executives for Pinterest, Inc.

Co-Founder and Chief Executive Officer
Founder
Head of Partnerships
Age: 52
Compensation as of Fiscal Year 2015.

Pinterest, Inc. Key Developments

Pinterest Announces Availability of Buyable Pins in U.S

Pinterest announced the availability of buyable Pins - the simple, secure way for Pinners to buy their favorite products on Pinterest. Buyable Pins were announced earlier this month, but in the coming weeks, Pinners in the U.S. will have access to 30 million products available for purchase from great brands like Macy's, Neiman Marcus and Nordstrom, retailers powered by Demandware like Gardener's Supply Company and Michaels, and thousands of Shopify stores like Poler Outdoor Stuff and SOBU. Buyable Pins will be available in a Pinner's home feed, on boards they love and in search results. When a Pinner sees a Pin with a blue "Buy It" button, that means it's a product for purchase. When the Pinner is ready to check out, they simply click the Buy It button and pay with either Apple Pay or a credit card. If the Pinner isn't ready to purchase, they can save the Pin for later and come back to it when they're ready. As part of the announcement, Pinterest is also launching new shop categories including "Shop picks," a curated selection of seasonal goods, and "Shop" for the latest buyable Pins. Buyable Pins are available on iPhone and iPad in the U.S. only. Over time, Pinterest will make buyable Pins available to Android and desktop Pinners in the U.S. as well as international Pinners. Buyable Pins are another way that Pinterest is helping people bring Pins to life. Pinterest also offers App Pins, recipe pins, article pins and place pins.

Shopify Inc. Launches New Offering with Pinterest

Shopify Inc. launched a new offering with Pinterest that allows Shopify merchants to sell their products directly on Pinterest using Buyable Pins. Shopify is the first commerce platform to offer Buyable Pins to small and medium sized businesses. Buyable Pins, announced by Pinterest earlier today, are special types of Pins that include 'Buy it' buttons. Clicking that button gives a shopper a simple and secure way to buy products right from the Pinterest iPhone or iPad app, using Apple Pay or their credit card.

Pinterest Plans Expansion in Europe

Pinterest will focus in 2015 on expanding its user base in Europe. The company will open offices in the Netherlands, Spain, Italy and Sweden in 2015.

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Date
Target
Merger/Acquisition
April 3, 2015
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Private Placement
February 27, 2015
--
Merger/Acquisition
January 21, 2015
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