Pinterest has announced that, starting in January , their "promoted pins" will be available for all US businesses to buy. Tim Kendall , Pinterest 's Monetisation Chief, recently commented that "the business is scaling very rapidly" to compete with social media sites such as Pinterest , Instagram and Snapchat, especially on mobile devices. Pinterest has also made its first move into video advertising with "cinematic pins". The company now has one million global businesses accessing business accounts on its service at least once a month. "It's a unique kind of behavior on the user side which creates a very unique place to be for businesses," Kendall said. According to the Wall Street Journal , US 's projected revenue for this year is $ 3bn . As previously reported, Pinterest is trying to gain a share of the search advertising market, as advertisers spent around $26.5bn on Pinterest search ads this year , compared to $ 10.4bn on social media.
Pinterest has announced that, starting in January , their "promoted pins" will be available for all US businesses to buy. Tim Kendall , Pinterest 's Monetisation Chief, recently commented that "the business is scaling very rapidly" to compete with social media sites such as Pinterest , Instagram and Snapchat, especially on mobile devices. Pinterest has also made its first move into video advertising with "cinematic pins". The company now has one million global businesses accessing business accounts on its service at least once a month. According to the Wall Street Journal , US 's projected revenue for this year is $ 3bn . As previously reported, Pinterest is trying to gain a share of the search advertising market, as advertisers spent around $26.5bn on Pinterest search ads this year , compared to $ 10.4bn on social media.