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The valuation for Pinterest is a staggering $3.8 billion after a recent round of funding, so is there room for competition in the “pinspiration” market?

The valuation for Pinterest is a staggering $3.8 billion after a recent round of funding, so is there room for competition in the “pinspiration” market? The answer seems to be yes. We Heart It, a digital scrapbooking and inspiration site, attracts 20 million monthly active users, mostly ages 16-24, and is catching up to Pinterest’s 50 million monthly users. (PandoDaily)

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