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Pinterest Continues to Grow Rapidly With 250 Mn Users Monthly

Pinterest is reportedly looking at a mid-2019 Initial Public Offering (IPO) and expects to reach $1 billion in annual revenue for the first time.

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Pinterest
Pinterest now has 250 mn monthly users. Flickr
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Visual search giant Pinterest has revealed that it is being used by 250 million people each month as it quietly continues to grow and other social networks slightly falter.

There are now more than 175 billion Pins to explore on Pinterest
 Logo. Flickr

“At a time when the Internet can feel increasingly negative and politicised, we think it’s remarkable that a quarter of a billion people are choosing to spend their time on Pinterest, a place that helps them feel positive and optimistic about the future,” the company wrote in a blog post late on Monday.

Over half of the users on the platform and 80 per cent of new sign ups are from outside the US.

 

“There are now more than 175 billion Pins to explore on Pinterest — up 75 per cent since early last year. People have been saving all kinds of different ideas here, like products they love (+115 per cent), style ideas (+38 per cent), art (+50 per cent) and DIY projects to try (+35 per cent),” the company added.

Pinterest
There are now more than 175 billion Pins to explore on Pinterest . Flickr

The visual search major has secured more than $1 billion in venture capital funding, most recently raising $150 million at a $12.3 billion valuation, according to Tech Crunch.

Also Read: US to Probe Social Media Giants Like Facebook, Twitter Over Censorship Concern

Pinterest is reportedly looking at a mid-2019 Initial Public Offering (IPO) and expects to reach $1 billion in annual revenue for the first time. (IANS)

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Twitter Gets a Bug And Releases DM’s of 3 Mn Users To a Third Party Application

Twitter said it found no sign that hackers accessed the exposed data.

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Twitter
Twitter on a smartphone device. Pixabay

A bug in Twitter’s platform for third-party app developers exposed some Direct Messages (DMs) from nearly 3 million users to outsiders, the micro-blogging platform has admitted.

The bug ran from May 2017 and within hours of discovering it on September 10, Twitter said it fixed the bug to prevent data from being unintentionally sent to the incorrect developer.

“The bug affected less than 1 per cent of people on Twitter. The bug may have caused some of these interactions to be unintentionally sent to another registered developer,” Twitter said in a blog post on Saturday.

Twitter
Twitter Chief Executive Officer Jack Dorsey testifies before a Senate Intelligence Committee hearing on foreign influence operations and their use of social media on Capitol Hill. VOA

“In some cases, this may have included certain DMs or protected tweets, for example a Direct Message with an airline that had authorised an Account Activity API (AAAPI) developer.”

The Account Activity API allows registered developers to build tools to better support businesses and their communications with customers on Twitter.

Twitter currently has over 336 million users and one per cent means nearly 3 million of those were affected.

Twitter
The logo appears on a phone post on the floor of the New York Stock Exchange.. VOA

If your business authorised a developer using the AAAPI to access your account, the bug may have impacted your activity data in error.

“We’re very sorry this happened. If your account was affected by this bug, we will contact you directly through an in-app notice and on twitter.com,” said the company.

In May, the micro-blogging platform asked its 336 million users to change their password across its services after it discovered a bug that stored passwords in plain text in an internal system.

Also Read: A Rise in Pregnancy Phobia Due to Social Media Platforms

Twitter said it found no sign that hackers accessed the exposed data but advised users that they should enter a new password on all services where their current password has been used. (IANS)