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DealBook: Pinterest Raises $100 Million

Pinterest

Pinterest, which allows users to share photographs, recipes and other media on custom "pinboards," raised $100 million in a funding round led by the Japanese e-commerce company Rakuten.

 

Pinterest pierces the ranks of the social-networking elite

Pinterest

The site, which allows users to pin images of products they like on online scrapbooks, has seen its traffic grow almost sevenfold in five months and is ranked by one research firm as the No. 3 social network behind Facebook and Twitter.

 

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