It's even better because in a bit of a dick move, they tried to buy pinboard.com back in 2009 or 2010. I say "dick move" because Pinboard predates Pinterest and they were aware of me.
Does this mean they're now guilty of trademark infringement (Apple Computers vs Apple Records style) and you can take all their VC money? "Instapaper By Pinterest™" seems pretty similar to Pinboard.