A 24-year-old man who calls himself “Steve” makes more than $1,000 per day pinning Amazon product links on Pinterest, one of 2012′s hottest social networks.
Taking advantage of the startup’s fast growth and optimal user demographics — consisting mostly of brand-savvy women with an annual household income of more than $100,000 and a love of shopping — spammers are making huge amounts of money just by pinning items to Pinterest and directing consumers to make purchases on Amazon.
“I fully expect next week’s earnings to be $2,000 to $2,500 a day. There are no guarantees in this business and it could all come crashing down soon,” he said. “Not a matter of if, but when will it happen.”
Out of Steve’s collection of fake accounts, he says, Pinterest has only deleted one.
read full article at http://on.mash.to/H1qJmu | source: Mashable
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