Did Google just offer Pinterest $2B?
A family friend, who happens to be a well known entrepreneur/investor, just mentioned that he heard Google offered to buy Pinterest for $2B (and they turned it down). Anyone have any merit to this "rumor"? Just curious...
The Business Potential with Ads and Ecommerce is huge on Pinterest and with the current trends of acquisition, $2B is more or less the right price of Pinterest. But that would bring it to $100 / user ( if you take the 2M users number from this TC article http://techcrunch.com/2012/02/11/pinterest-stats/ )
That was way back in February. Last I looked they were up to 7M users, and that was probably a month ago.
A recent USA Today article says that their 'active' logins are 'leveling off' to 8.3M, from 12.2.
If Pinterest was worth that much, I wonder how much Reddit would be.
Not $2 Billion. Pinterest is valuable because the site's users show interest in products by pinning or liking them. That's a marketing goldmine for brands and advertisers. Not to mention Pinterest is driving huge amounts of traffic to e-commerce sites.
Sure, Reddit get insane amounts of traffic but cat pictures and comics aren't nearly as monetizable.
Serving hyper-targeted ads on pins?
That would be mental! $2B!?
Don't scare us!