Mayor Edwin M. Lee and Pinterest CEO Ben Silbermann announced today that Pinterest, one of the fastest growing social media firms, will move from Palo Alto to San Francisco. Pinterest is currently finalizing plans for a long-term home in the SoMa neighborhood and has signed a short-term lease for space in the area to accommodate immediate growth.
“I am thrilled to welcome Pinterest to the ‘Innovation Capital of the World,’ and am pleased that our efforts to attract and retain the industry’s best and most innovative companies are working,” said Mayor Lee.
“We’re pleased to now call one of the world’s great cities home,” said Pinterest CEO Ben Silbermann. “Thanks to Mayor Lee, his team and everyone who has helped make this move possible.”
Pinterest chose San Francisco because of the technology talent in the area and the reasonably priced available space. Pinterest is a member of sf.citi
(San Francisco Citizens Initiative for Technology & Innovation), a 501(c)6 organization created to leverage the power of the technology community around civic action in San Francisco.
In addition to today’s announcement, Mayor Lee debuted his new Pinterest page at pinterest.com/mayoredlee
Pinterest helps people collect things they love and connect with others through shared interests. Millions of people use Pinterest to inspire their meals, vacations, special occasions, home decor and fashion. The company was founded in 2008 and is headquartered in San Francisco.