Posted by: youngragingbull | February 6, 2013

Word on the Street: Pinterest worth up to $2.5B

Pinterest, the online scrapbooking site, is in negotiations for new financing that could give the online scrapbooking site a valuation of about $2 billion to $2.5 billion, The Wall Street Journal reported Tuesday, citing unnamed sources.

The San Francisco-based company last raised $100 million in May 2012 in financing led by the Japanese e-commerce site Rakuten, which then gave the company a $1.5 billion valuation, the newspaper said.

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