Kobo Owner, Rakuten Takes $100M Stake in Pinterest

Japanese eCommerce leader, Rakuten, owner of e-reader company Kobo, said it plans to invest $100 million in the trendy social media site, Pinterest. Pinterest, which allows users to ‘pin’ images and follow other people’s images in an online scrapbook framework, is enjoying a tremendous surge in popularity having leaped from less than one million users [...]