Gadgetory

it's a good day for pinning photos protecting your privacy and paying your taxes and Bridget Carey and this is your cnet update it's time to welcome Pinterest to the billion-dollar network club last month we saw Instagram you bought up four billion dollars by facebook now Pinterest another social photo sharing network has been valued at 1.5 billion dollars the valuation came after a Japanese ecommerce site invested fifty million dollars into pinterest and what's so unsettling about this is that Pinterest makes no money it sells no ads there's no revenue whatsoever but then again that was the same case with Instagram you can put your money on one thing though investors will start to integrate ecommerce tools into the site making it easy for users to buy items posted if you haven't used Pinterest it's a place to share interesting photos of things you've discovered it could be your own photo or bookmark something you found online and it's presented so beautifully but you could just lose yourself in the site think of it as window shopping at the mall or flipping through an endless magazine of neat things people put their finds into categories some of the more popular uses are for sharing fashion design tips or recipes but you can pin anything facebook co-founder eduardo saverin said he has to pay hundreds of millions of dollars in taxes on everything he's earned while he was a US citizen Saverin who has resided for the past few years in singapore caused a big stir by dropping his citizenship just a few days before he would rake in billions from facebook going public and here not a US citizen no need to pay us taxes from what you earn it even angered some senators who proposed a law to punish sovereign and anyone who drops his and shipped to duck out of paying taxes Severin said he didn't drop his citizenship to avoid paying taxes and he will continue to pay any taxes he owes to the US government you now have the option to block Twitter from collecting data on your usage habits twitter is working with Firefox's Do Not Track feature so our web giants like Yahoo Google and AOL but as for facebook yeah you can't turn that tracking feature off tracking you is their bread and butter and today we're keeping an eye on you apps that have some fresh upgrades Flipboard a news reader app on the iPad just added SoundCloud support for listening to news reports evernote a note-taking management tool has a snazzy new look on android you can organize photos audio and text notes much easier now and the weather channel just beautified its iPhone app and made it more social so you can instantly share your photos of the weather wherever you are that's your tech news update for today for more on the stories in today's show visit cnet com / update from our studios in New York I'm Bridget Carey