Booting Up: Pinterest Raises $200 Million at a $2.5 Billion Valuation

Patrick Clark — Thu, 21 Feb 2013 08:12:10 -0400

Pinterest completed a $200 million funding round that values the company at $2.5 billion. Valiant Capital Management is said to have led the round, with previous investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital also participating. [AllThingsD]

IBM is making a push into mobile, and plans to provide customers with software, data and security services on mobile devices. [NYT]

Calling all youth correspondents: the social network Pheed is said to be gaining in popularity, especially with teens. [Forbes]

Facebook isn't the only tech company to catch heat for using stock option deductions to avoid paying corporate taxes. The Center for Tax Justice says LinkedIn has used the deduction to avoid paying federal taxes for the last three years. [New York Post]

Eduardo Saverin talked about life after the Facebook, the challenges faces the social media company he helped found, and his decision to move to Singapore. "No, I did not rescind my citizenship for tax purposes," is what he says. [WSJ]

Betabeat » Booting Up: Pinterest Raises $200 Million at a $2.5 Billion Valuation

Booting Up: Pinterest Raises $200 Million at a $2.5 Billion Valuation