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Pinterest has raised $367 million at a rich valuation of $11 billion, according to a regulatory filing on Monday.
The filing said the image bookmarking company seeks to raise as much as $208 million more. Pinterest Raises $367 Million on a Valuation of $11 Billion
[wsj.com]
Pinterest, the website, contains zero images actually owned by Pinterest and so no matter how you try to figure out the value of their content the answer is always zero, division by zero error.