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May 18, 2012 | By Shan Li and Michelle Maltais, Los Angeles Times
Social media start-up Pinterest has raised $100 million in a recent financing round led by a Japanese online retailer, increasing the estimated value of the virtual scrapbooking company to $1.5 billion. Japanese e-commerce firm Rakuten Inc. led the fundraising for the Palo Alto company, which is now ranked by Experian as the third-most-popular social network behind Twitter and Facebook. Pinterest users check out thousands of images collected by fellow users and "pinned up" on their online scrapbooks.
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BUSINESS
May 18, 2012 | By Shan Li and Michelle Maltais, Los Angeles Times
Social media start-up Pinterest has raised $100 million in a recent financing round led by a Japanese online retailer, increasing the estimated value of the virtual scrapbooking company to $1.5 billion. Japanese e-commerce firm Rakuten Inc. led the fundraising for the Palo Alto company, which is now ranked by Experian as the third-most-popular social network behind Twitter and Facebook. Pinterest users check out thousands of images collected by fellow users and "pinned up" on their online scrapbooks.
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CALIFORNIA | LOCAL
December 5, 2000
Walt Disney Internet Group in North Hollywood has sold Infoseek Japan to Rakuten Inc., a Japanese e-commerce company, for $81 million. Under terms of the sale, Disney's Web content sites will be given preferred distribution status.
BUSINESS
January 5, 2013 | By Deborah Netburn
If you love tech and the business of tech, then 2013 should be a very interesting year. We'll find out whether Marissa Mayer can keep the momentum going at Yahoo and whether the Web dinosaurs Myspace and Digg can successfully reinvent themselves. Will this be the year everyone starts using Square? Will Leap Motion's motion sensor change the way we interact with computers? PHOTOS: 10 tech companies to watch in 2013 Who will fall flat on their faces, and who will dazzle us with their innovation?
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