Sunday, August 05, 2012

Apple And Pinterest

How is that a fit? Facebook, yeah, but Apple?

Apple Wants To Buy Pinterest Rival, The Fancy
The Fancy takes a 10 percent cut of purchases. Last we checked in, sales were exploding.... Einhorn and Apple CEO Tim Cook met at Allen & Co.'s Sun Valley conference earlier this year. The notoriously private Cook, who does not visibly participate in any well-known social media sites, started using The Fancy shortly afterwards. ..... The Fancy raised a $10 million round at a reported valuation of $100 million last fall, led by PPR, the French luxury conglomerate behind Gucci. It previously raised $6 million in 2010; $2.7 million of that round went to Einhorn and his cofounder, his brother Jack Einhorn .... Twitter cofounder Jack Dorsey and Facebook co-founder Chris Hughes are on the board .... Apple could well build an e-commerce layer into its operating system and let application developers hook into it, giving them a way to make money besides advertising. .... The Fancy's offices are situated above an Apple Store in New York City
My first time hearing the name The Fancy.

Pinterest Competitor, The Fancy, Now Powers $10,000 Per Day In Sales
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