Pinterest has only modestly begun bringing in ad revenue but the company just confirmed that it has accepted $200 million in additional funding that values it at an unbelievable $5 billion. This marks yet another huge round of funding for the company, which raised $200 million in venture capital funds in February 2013 and $225 million in October. Because apparently cake decorating and inspirational quotes are quite valuable. Incredulity aside, though, Pinterest is more popular than you probably realized—it's apparently second only to Facebook and Twitter in terms of online shares.
Plus, i's not the only Internet-based startup to receive such a wild valuating. Remember when Snapchat turned down that $3 billion acquisition offer?
[via ReadWrite]