Thursday January 17, 2019
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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

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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Social Media Overuse- A Serious Threat

Scientists have found a connection between excessive social media use and behavior associated with substance abuse.

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Social Media, digital, Encryption, drink, whatsapp, depression
Study Links Social Media Addicts, Substance Abusers (VOA)

Addicted to social media? That’s not just an expression anymore. Scientists have found a connection between excessive social media use and behavior associated with substance abuse.

Researchers at Michigan State University and Monash University in Australia found that heavy social media users tended to make riskier decisions usually seen in drug addicts.

“Around one-third of humans on the planet are using social media, and some of these people are displaying maladaptive, excessive use of these sites,” said Dar Meshi, the study’s lead author and assistant professor at Michigan State University in the U.S.

“Our findings will hopefully motivate the field to take social media overuse seriously,” Meshi said.

Digital, social-media
social media takes over your mental health

Meshi and his team had 71 participants take the Iowa Gambling Task, which is used to measure decision-making abilities in substance abusers and non-abusers.

“Decision-making is oftentimes compromised in individuals with substance use disorders. They sometimes fail to learn from their mistakes and continue down a path of negative outcomes,” Meshi said.

At the end of the exercise, Meshi and his team found that heavy social media users took greater risks even while knowing that they came with negative consequences, the same way drug addicts do.

Also Read: YouTube Bans Dangerous, Harmful Pranks From its Platform

The participants also said that they constantly think about the platforms when not using them and that they lose sleep because of their online activities.

“I believe that social media has tremendous benefits for individuals, but there’s also a dark side when people can’t pull themselves away,” Meshi said. “We need to better understand this drive, so we can determine if excessive social media use should be considered an addiction.” (VOA)