The expansion into online shopping maybe what ultimately makes Pinterest attractive to digital payments company such as PayPal. Pinterest recently announced new features that enable sellers to upload product images and catalogues and make them available to online audiences. With a potential acquisition now off the table, investors are rightly wondering where Pinterest goes from here? What's Next?īeyond the rumored $45 billion acquisition by PayPal, San Francisco-based Pinterest, which attracted a lot of new members during Covid-19 lockdowns and generates money from digital advertising, is increasingly moving into online purchases. The social media company's share price promptly reversed and fell 18%, dropping back down to $50. That announcement was like a bucket of cold water in the face of PINS shareholders. 25, PayPal broke its silence and addressed the rumors, saying that it is not in talks with Pinterest and has no plans to purchase the social media company. Even after the 13% increase on the PayPal rumor, Pinterest shares were still down 5% on the year by close on Oct. After soaring in 2020 during the pandemic, Pinterest's share price had fallen about 20% before the rumor's spread. While no formal takeover had been announced, the rumor alone was enough to give PINS stock a much-needed lift. 20 after it was reported that fintech giant PayPal was in talks to acquire it. Shares of Pinterest, the popular image sharing and social media company, jumped 13% on Oct. How should investors play $Pinterest(PINS.US)$ stock now that it has seemingly been left at the altar by $PayPal(PYPL.US)$?
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