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The Wall Street Journal: Pinterest CEO says no IPO anytime soon

LAGUNA BEACH, Calif. — Pinterest Inc. Chief Executive Ben Silbermann on Wednesday ruled out an initial public offering anytime soon while the social-media site focuses on building out its core advertising business.

Silbermann affirmed reports that the company expects around $300 million in revenue this year, triple last year’s total, primarily through advertisements that run on its website and mobile app. “We’re focused on growing that basic business,” said Silbermann at the WSJDLive 2016 global technology conference. “The business is scaling quickly.”

How Pinterest Learns About Users

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Pinterest CEO Ben Silbermann talks about how his company tracks users’ preferences.

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