Facebook and Twitter will have tough competition in 2012! And there is a new social network creating quite a buzz!

Pinterest ,which is an invitation only site, shows a remarkable growth and attracted the attention of many by now! It is an online pinboard which allows its users to organise and share the things they love.

Users can create boards to showcase their likes and pin images for the others to see. The site has a simple design so that users don’t have to worry about complicated procedure. All they have to do is to click the official Pin it button and select an image they like. The site also features video sharing.

According to Experian Hitwise  Pinterest had 11 million visitors week ending 17 December! With Its popularity, analysts believe that the site is a good place to market products and carry out  internet base businesses.

Pinterest was co-founded by Ben Silberman, Evan Sharp (ex-Facebook design team member) and Paul Sciarra.