Space News from SpaceDaily.com
Pinterest pops past Snapchat in US
San Francisco, Jan 14 (AFP) Jan 14, 2020
Shares in Pinterest popped on Tuesday after a market tracker reported that the online bulletin board surpassed Snapchat to become the third most used social media platform in the US.

Pinterest's user base grew slightly more than nine percent to 82.4 million US users last year, topping Snapchat's 80.2 million users, according to the research firm eMarketer.

The growth spurt would make Pinterest the number three US social platform behind Facebook and its Instagram unit.

"While Snapchat has a young core audience that it caters to, Pinterest has a more universal appeal, and it's made significant gains in a wide range of age groups," said eMarketer analyst Nazmul Islam.

Shares in San Francisco-based Pinterest ended the formal trading day up about 10 percent.

The market tracking firm expected Pinterest to be more popular among US users in the years ahead, with the online bulletin board's lead on the image-centric messaging service widening through the end of 2023.

With its share offering, Pinterest got off to a flying start on Wall Street early last year in the market debut for the visual discovery service.

Pinterest, launched in 2010, is a virtual bulletin board platform, with users decorating their boards with pictures showcasing interests including food, fashion, travel and lifestyle.

It also enables users to link to online shopping and other services to find items they have "pinned."


ADVERTISEMENT




Space News from SpaceDaily.com
UAE extends Mars probe mission until 2028
Exolaunch to deploy five satellites on Spectrum mission from Norway
Sateliot books Spanish Miura 5 launch for two next gen Trito satellites in 2027

24/7 Energy News Coverage
Junk to high-tech: India bets on e-waste for critical minerals
Indonesia coal plant closure U-turn sows energy transition doubts
Indonesia capital faces 'filthy' trash crisis

Military Space News, Nuclear Weapons, Missile Defense
EU top diplomat rejects Europe 'bashing' by US as calls grow for a US reset
European debate over nuclear weapons gains pace
Supreme leader says Iran can sink US warship as Geneva talks conclude

24/7 News Coverage
Slow mantle flow built Antarctica gravity low over tens of millions of years
Southern Indian Ocean waters lose salt as climate shifts currents
Coffee regions hit by extra days of extreme heat: scientists


All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.