After making a big jump into e-books a few years ago, Japanese e-commerce giant Rakuten is once again following in Amazon’s footsteps.
Pinterest has reportedly raised $200 million funding round that values the company at $2.5 billion. In other words, the rumors appear to be true.
Rakuten’s Kobo line of ereaders has been updated just hours before Amazon is expected to reveal two new Kindle Fire models, a “Paperwhite” Kindle, and maybe even its first smartphone.
Popular social networking service Pinterest has finally ditched invitations and opened its doors to anyone who wants to sign up on the spot.
After Facebook’s surprising Instagram buy, it now seems like every hot startup needs to reach a billion dollar valuation to truly be taken seriously. So it was inevitable that Pinterest, the popular image pinboard site, would eventually skyrocket in value.
Rakuten, the largest online shopping mall operator in Japan, has acquired e-reader manufacturer Kobo for $315 million in cash.