Pinterest files with SEC for proposed IPO

SAN FRANCISCO — Visual search engine Pinterest, Inc. (Pinterest) this week announced it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

pinterest-logoAccording to The Verge, Pinterest, which launched in 2010, generates revenue by attracting advertisers to its platform where users create boards in which they self-identify their interests. Advertisers try and sell the products that closely match user interests. According to Pinterest, more than 250 million monthly active users have created more than 4 billion boards with a cumulative 175 billion pins saved. The platform itself has processed more than 2 billion searches, many of which Pinterest attempts to visually process using machine (ML) learning-based methods like object and image recognition. Last quarter, the Pinterest rebuilt their infrastructure behind its “product pins.” This update brought to their app current pricing with stock information for all product pins to monetize their platform with new advertisers.

The Verge also reported such an influx of money could drastically shake up the Bay Area landscape by creating waves of new millionaires, a capital injection that could reshape San Francisco and, as a result, the tech industry itself due to the ripple effects it could have on new startups and investments.

— Sources: Pinterest and The Verge

 


A D V E R T I S E M E N T

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Exclusive: National Basketball Players Association Announces First-Ever Tech Summit

NBA players’ union plays matchmaker with its athletes and Silicon Valley for more than beefing up portfolios

by KC Ifeanyi

NEW YORK, NY – The National Basketball Players Association announced today it will hold the inaugural NBPA Technology Summit from July 19-21 in San Francisco.

The NBPA Technology Summit will provide current and former NBA players with the following:

  • Educational content and presentations from executives of major media and technology companies;
  • Site visits to several media and technology companies in Silicon Valley;
  • Networking opportunities with senior executives and influencers;
  • Workshops designed to identify opportunities for players to pursue both during and after their NBA careers.

Among the participating companies are Andreessen Horowitz, Jawbone and SV Angel.

This three-day event in San Francisco that aims to integrate NBA players with tech and media companies for post-career opportunities beyond just backing them—a shift in thinking that’s found Golden State Warriors forward Andre Iguodala (top photo) as a model student.

Code Once. Sell Many.

The NBPA Technology Summit will incorporate site visits to media and tech companies, as well as lectures, presentations, and workshops from executives and influencers. Jawbone, Pinterest, Andreessen Horowitz, and SV Angel are just a few companies on deck to help NBA players find their place in Silicon Valley—and one place the NBPA feels is particularly apt for athletes is wearable technology.  Read more

Sources:  NBPA and  FastCompany.com

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Under Armour launched UA Record during CES 2015, a health and fitness network for new wearable apps dedicated to helping users lead healthier lives.  Photo courtesy, Under Armour.
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