Why Pinterest Isn’t Afraid of Google and Facebook’s Dominance of the Advertising Market
Pinterest is in the middle of a major image revamp and it’s hoping that that will help advertisers start to flock to the image-collecting website.
The nine-year-old company has been shedding the perception that it’s a social media platform in favor of being known as a visual search engine. Over the past few months, Pinterest has made several strategic moves to achieve this, such as getting rid of its Like button and rolling out its first major advertising campaign in the U.S.
Pinterest has even more tools in the works to court advertisers, the latest of which Pinterest president Tim Kendall introduced at Tech Crunch DisruptNY in Manhattan on Tuesday. Kendall said Pinterest will soon bring advertisements to its Lens feature, released in February, which lets users snap photos of objects they see, and using machine learning technology, generates similar objects based on them. For now, advertisements will appear on Pinterest’s Instant Ideas section, which shows pins that are related to a post.