Pinterest releases S-1 for IPO

Pinterest in common with moms: the idea claims in which 80 percent of its total audience from the U.S. is usually made up of women ages 18-64 with children, citing an independent study by Comscore.

In its S-1 filing, Pinterest said one risk factor is usually in which the idea could fail to penetrate completely new demographics. Still, Pinterest flaunts its coveted user demographics, claiming more than half of all U.S. millennials. Pinterest said “eight out of 10 moms” are on its platform, adding in which “are often the primary decision-makers when the idea comes to buying products along with services for their household.”

“from the United States, more people use Pinterest to find or shop for products than on social networks, according to a survey by Cowen along with Company,” according to the filing. This specific will put Pinterest head-to-head with Instagram, which just This specific week announced a completely new shopping feature to encourage users to buy directly coming from their platform.

Pinterest said its user growth had been negatively impacted from the second quarter of 2018 due to Facebook’s decision to change its login authentication systems. Pinterest noted in which its reliance on different services including Facebook along with Google could be a risk factor for the business.

“[I]f Facebook or Google discontinue single sign-on or experience an outage, then we may lose along with be unable to recover users previously using This specific function, along with our user growth or engagement could decline,” according to the filing.

Pinterest also notes in which regulators from the U.S. along with the European Union could enact more legislation in which could hold the idea accountable for failure to comply with content removal requirements. Regulators have been even more focused on social media companies from the past week after a graphic video of a mosque shooting in completely new Zealand continued to pop up on several platforms even after the original live stream was removed. Pinterest took steps to reduce the spread of misinformation about vaccines on its platform last month when the idea suspended search results for related terms when the idea found out false anti-vaccine information was spreading on its service.

Like many different tech companies, including Google along with Facebook, the company will offer two classes of stock. Class A shares will receive one vote per share, while Class B shares will receive 20 votes per share. Pinterest’s filing did not list the breakdown of stock ownership among its executive officers along with directors.

Pinterest’s prospectus comes after similar filings coming from Lyft, the ride-sharing company, Zoom, a video conferencing company, along with PagerDuty, a tech company whose service helps companies respond quickly when their websites experience outages. different tech companies including Uber, Slack along with Palantir are also anticipated to go public This specific year.