Pinterest ended 2020 with a strong case that the company has reached an inflection point as a business. Its fourth quarter revenue surged 76% to $706 million compared to the year prior quarter and the entire year the company’s revenue was up nearly 50% to $1.7 billion compared with 2019. The revenue came hand in hand with a continuing uptick in new users—it now has 459 million monthly active...
Pinterest Caps Off 2020 With Huge Revenue and User Growth
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds

Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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