Pinreach, formerly known as pin clout before a cease and desist order from Klout forcing the company to change its name, is currently being bid over for upwards of ten thousand dollars. Chris Fay, the cofounder of Pinreach has announced he is taking a position with Google, which is the reason for selling the company.
The site is popular among online users with over twenty two thousand registered users. The reason why the site is receiving such a large amount of media attention is due to Pinreach and the potential the website has to grow.
Pinterest’s referral traffic is close to matching that of Facebook’s which for now remains relatively high.