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London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network Investments 

London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network

    Friends-focused photo-sharing app Lapse, based in London, has closed an oversubscribed $30 million Series A round. Co-led by Greylock and DST Global Partners, preeminent investors in the Internet technology sector, existing investors GV (Google Ventures), Octopus Ventures, and Speedinvest returned to participate alongside high-profile angel investors Naveen Gavini (former Chief Product Officer at Pinterest), Soleio (designer and investor), Nima Khajehnouri (former VP of... Read More
Pinterest partners with Amazon for third-party ads Partnerships 

Pinterest partners with Amazon for third-party ads

Pinterest announced opening up third-party ad demand on the platform, selecting Amazon as the first ad partner. The company said the Amazon partnership will “bring more brands and relevant products to the platform combined with a seamless on-Amazon buying experience for consumers and offer advertisers strong performance.” “This milestone partnership will add to the great brands already on the platform... Read More
Pinterest announces fourth quarter and full year 2021 results Earnings reports News 

Pinterest announces fourth quarter and full year 2021 results

Pinterest, Inc. announced financial results for the quarter and year ended Dec. 31, 2021. Fourth-quarter revenue grew 20% year-over-year to $847 million, although Global Monthly Active Users (MAUs) decreased 6% year-over-year to 431 million. GAAP net income was $175 million for Q4, including a $49 million one-time share-based compensation charge related to the co-founder Evan Sharp‘s transition and an unspecified $25... Read More
Pinterest confidentially files for IPO, according to Reuters News 

Pinterest confidentially files for IPO, according to Reuters

Online image search site Pinterest Inc. has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, according to Reuters. The company and its underwriters, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. are reportedly planning for a late-June listing and is seeking a valuation of at... Read More