Pinterest Values Company at $1.5 Billion

By A. Ananthalakshmi for Rueters

(Reuters) – Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring the huge investor appetite for social-networking companies.

The news comes a day before Facebook starts trading as a public company that could be worth more than $100 billion.
 
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