Pinterest Tumbles Nearly 5% On Reports Of Facebook Releasing Rival App

Yolanda Curtis
February 16, 2020

Facebook does not exactly need any more presence in the social media business.

You might have recently read our report where we revealed that Pinterest has now become a massively popular platform on its own.

The app is now available in 84 countries, including the US, Australia as well as Canada, according to Sensor Tower and has fewer than 5,000 downloads.

Hobbi's set of features makes it a direct competitor to Pinterest.

According to Hobbi's App Store listing, the app helps hobbyists organize photos of projects into collections, such as gardening, cooking, arts & crafts, fitness, and more.

The Hobbi app, just like Pinterest, organizes a series of photos into collections, making it easier for users to keep a track of their progress over time.

For now, Hobbi has not reached the desired set of audience, given that it is in an experimental stage. Sounds familiar right? But unlike Pinterest, Hobbi doesn't have a social platform for interaction with other users. But Hobbi can also be used to create videos of projects after they're finished.

Facebook has added another app to its list of experimental projects from the NPE Team, an initiative launched last summer.

The app is very simple and comes with limited editing options.

"As we see corporations attempt to reproduction parts of Pinterest, it validates the significance of a non-public position on-line to discover your personal pursuits, one thing we've been operating on because the starting", the spokesperson mentioned. Now they are experimenting with a new app.

Having a dedicated team that can experiment and develop new services at a faster rate could be a smart idea. Moreover, a meme editor app Whale has already shut down.

Hobbi was released initially in Colombia, Belgium, Spain, and Ukraine, according to The Information.

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