Pinterest has raised $367 million in a new round of funding that more than doubles the website’s valuation to $11 billion.
The latest funding round, revealed Monday, lifts the social bookmarking service’s valuation from from $5 billion, according to The Wall Street Journal, moving the company even higher up the list of tech industry “unicorns” — startups valued higher than $1 billion. What’s more, Pinterest said in its regulatory filing that it also plans to raise another $210 million in the current funding round.
The newly raised funds will go toward international expansion, according to WSJ, which reported last month that Pinterest was seeking funding that would value the company at about $11 billion.
As Fortune has noted, Pinterest is part of a growing group of tech startups with ballooning valuations and a potential prime candidate for a blockbuster IPO at some point this year.
Pinterest reached its…
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The link below is to an article that takes a look at identity theft through social networking.
The Digg social network is in trouble. Digg is a place where people can share what they find on the web with others. There is a rating system of sorts – based on people ‘digging’ a post/site, which when done so is considered ‘dugg’ by the one doing the ‘digging.’ It had and has the potential to be a very useful site. However, as anyone who keeps up with developments in social networking and the like knows, Digg is in trouble. It is dropping users, with less and less people using the site and tools associated with the site. Recently Digg got an overhaul which has done nothing to stop the slide.
There was once a newsletter with the top ‘dugg’ stories of the day, but that seems to have vanished. I found it to be a useful newsletter.
To find out what Digg is all about visit:
I have been using Digg a fair bit of late and have always considered it to be a very useful site and experience.
My profile is at:
There is also a web television show known as Diggnation. I have just watched the latest episode of the show and I confess to believing the show is rubbish. It is not worth watching in my opinion and comes complete with terrible language and crass content. If the quality of the show is how we should take Digg it is no wonder it is in trouble. It is hosted by two men, with one being the founder of Digg – which does nothing for the credentials of Digg.
I still hold out hope for Digg, as it can yet be a very useful and worthwhile site and service.
Visit Diggnation at:
Police barricade ineffective; church leaders demand a suitable venue for worship.
DUBLIN, August 9 (CDN) — Leaders of a church in West Java, Indonesia demanded justice from police after a fifth attack from Muslim protestors left at least a dozen people injured yesterday.
As some 20 members of the Batak Christian Protestant Filadelfia Church (HKBP Filadelfia) in Bekasi gathered for Sunday worship on a church-owned plot of land in Ciketing, at least 300 members of the Islamic People’s Forum (FUI) and the Islamic Defenders Front (FPI) broke through a police barricade and ordered them to leave, Theophilus Bela, president of the Jakarta Christian Communication Forum, told Compass. When the church members refused, the protestors assaulted the group with sticks, stones
or their bare hands.
A report in The Jakarta Post reported that as many as 700 protestors took part in the attack on the congregation, which numbers 1,500 in total. A video clip of the attack shown on local broadcasting network Metro Treve confirmed only that a large and physically aggressive mob was present at the site.
Indra Listiantara, a researcher with the Setara Institute for Democracy and Peace, said local residents identified the attackers as members of the FPI who had already attacked the church on previous occasions, including Bekasi FPI leader Murhali Barda, according to The Jakarta Globe.
When church members decided to leave, the mob “hunted us down and hit us,” church leader Hendrik Siagian told local news magazine Tempo.
Those injured included church member Franky Taumbunan, 26, who was kicked several times while he attempted to protect his elderly father. Berliana Sinaga, 22, suffered bruising after several men hit her in the head and face, the Post reported.
Several church members required medical attention, Bela confirmed.
Police chief Iman Sugianto, however, said he blamed the church members as he had warned them not to hold services in the area because they were disturbing the residents, according to the Post.
The church has filed charges against the FUI and FPI for assault and defiling a religion, the Globe reported yesterday (Aug. 8). The Rev. Luspida Simanjuntak also demanded that the Bekasi administration offer the church an alternative venue.
Church members only resorted to worshiping on the plot of land in Ciketing after officials sealed a house used for worship in the Pondok Timur housing complex in Jejalen Jaya sub-district, Bekasi, Bela said.
The church purchased a plot of land in Ciketing in 1998 and began to construct a church there after gathering consent from 200 local residents and local officials; a 500-strong mob, however, burned down the partially-completed building in November 2000, he said.
In June 2007, the church purchased a house in the Pondok Timur housing estate for use as a temporary place of worship while they submitted a formal application to construct a church building in Ciketing. The application, however, remained unanswered for more than a year, while radicals stepped up their protests against the use of the house in Pondok Timur.
In October 2009, the church secured permission from the chief of Jejalen Jaya sub-district to hold services on the plot of land in Ciketing. The group then built a small structure there to store items such as tables and chairs.
Following protests in Ciketing, local authorities sent an official letter to the church rejecting their building application, Bela said. When church members continued to meet at the house in Pondok Timur, authorities also sealed that building in June.
Following an appeal from church members, Bekasi Mayor Mochtar Mohammad then reportedly promised to let the group meet in public areas and agreed to send police to safeguard church activities. (See http://www.compassdirect.org, “Muslim Protestors Surround Worshipers in Bekasi, Indonesia,” Aug. 4.)
But Christians and Muslims alike have questioned the sincerity of such promises. Yesterday’s attack came just one day after Jakarta Gov. Fauzi Bowo and Jakarta Police Chief Timur Pradopo attended the 12th anniversary celebrations of the Muslim extremist FPI. On Friday (Aug. 6), an FPI leader also visited Jakarta police headquarters to offer the Front’s assistance in enforcing religious bylaws during the Muslim holy month of Ramadan, the Post reported today.
Following weekend attacks on the Bekasi church and on a congregation of the Ahmaddiyah, a Muslim sect, moderate Muslims flooded social networking sites such as Twitter and Facebook with criticism of the FPI, demanding that the government take action to prevent further violence.
In an effort to resolve the issue, church members plan to hold their next Sunday service in front of the State Palace, said Judianto Simanjuntak, one of several church legal advisors, the Post reported today.
Report from Compass Direct News