This stock's valuation implies the firm will grow ARPU by 900% and have ~2/3rds the users of Facebook.

Facebook's dominance in attracting social media advertising spend may have a challenger.

Pinterest Inc (NYSE: PINS) is experimenting with a new feature that explores virtual events including online classrooms, TechCrunch reports. The upgrade to the image sharing and social media app was first brought to light in a tweet by reverse engineer Jane Manchun Wong.What Happened: Reportedly, the feature would connect users to a common meeting room through Zoom Video Communications Inc's (NASDAQ: ZM) video calling app, while Pinterest boards will be available for organizing study materials and other resources. Users can also interact using a group chat option.Wong shared the names of a few demo Pinterest profiles with a Class Communities section. Wong remarks that "these communities are empty when you click through. That's because the feature is still unreleased.""We are experimenting with ways to help creators interact more closely with their audience," a Pinterest spokesperson told TechCrunch. The company hasn't yet made any official statement about Wong's discovery of the latest feature.Why Does It Matter: There are speculations that users will have access to tools for organizing course materials, including community interaction functionalities like group chat and shopping.The move seems to be motivated by Pinterest's popularity as a learning resource organizer during the pandemic, TechCrunch noted. Pinterest reported a monthly active userbase of 442 million, in its latest quarter.In September, Pinterest released a beta version of Story Pins - a video feed similar to Facebook Inc's (NASDAQ: FB) Facebook and Instagram Stories and Snap Inc's (NYSE: SNAP) Snapchat, according to CNBC. Last week, Twitter Inc (NYSE: TWTR) too announced a global rollout of a similar feature called Fleets.Price Action: After a 2.60% drop in Tuesday's regular trading hours, PINS dipped an additional 0.52% in the after-hours at $63.70.See more from Benzinga * Click here for options trades from Benzinga * Discord Valued At B In Latest Funding Talks: Report * Novartis Kicks Off .5B Share Buyback Program On Strong Pipeline Growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Pinterest is getting into online events. The company has been spotted testing a new feature that allows users to sign up for Zoom classes through Pinterest, while creators use Pinterest’s class boards to organize class materials, notes and other resources, or even connect with attendees throu…

Mallard will spearhead efforts to centralize Pinterest's entire marketing teams.

With 200 million users, Pinterest is a smaller social network than giants like Facebook and Instagram. But it's uniquely important for marketers as a place users visit to gather information about potential purchases. In fact, Pinterest beats out Instagram as a primary social media platform influencing purchasing decisions for U.S.

So you're interested in learning how to advertise on Pinterest? Rand Fiskin from MOZ is predicting that Pinterest advertising will be a juggernaut in the upcoming 2015 year for social media advertising. He's predicting that advertising spending on the social media site will reach $50 million dollars.

The business of online scrapbooking is getting more valuable - at least in the eyes of investors. Pinterest said on Thursday that it has raised $200 million in a new round of fund-raising, at a valuation of $5 billion. At that level, the social network has joined the upper echelons of the start-up hierarchy.

Pinterest, which CEO Ben Silbermann describes as a tool that helps people find inspiration, is now the third-largest source of referral traffic on the Internet. But growth wasn't easy for the company, Silbermann told a rapt audience at Y Combinator's Startup School at Stanford University on Saturday.

Pinterest debuts a new way for retailers to sell products on its service