Facebook Is Copying Pinterest Now, Too

For a company that has established a reputation for shamelessly copying its competitors, it's a little confounding that it's taken Facebook (NASDAQ: FB) this long to replicate Pinterest (NYSE: PINS). Last summer, Facebook created a New Product Experimentation (NPE) team in order to explore new ideas. The team has only released three apps thus far, although Facebook is reportedly interested in entering a broad swath of categories like podcasts, newsletter tools, and travel planning, among others.

NPE's fourth app is Hobbi, which is a clear Pinterest copycat.

Pinterest is all about organizing creative projects. Image source: Pinterest.

Continue reading

Source Fool.com