Pinterest evan jony lovefrom1/10/2023 ![]() EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. ![]() Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. None of the blogs or other sources of information is to be considered as constituting a track record. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. On the other hand, the reports have a different effect on PayPal as its stock price reportedly dipped instead of surging as well.ĭisclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. It was said that shares of the company jumped to nearly 12% in the morning of Oct. ![]() Meanwhile, as per CNN Business, the stock price of Pinterest went up on Wednesday after the news of Paypal’s potential acquisition emerged. The e-commerce platform has invested in becoming the exclusive provider or point-of-sale financing for Shopify’s checkout service called Shop Pay and this could rival PayPal that has largely benefited from online shopping since the COVID-19 pandemic started around the world. It was added that competitive pressure from Shopify was what pushed PayPal to consider the purchase of Pinterest. However, Paypal and Pinterest have yet to officially confirm the news. The latter already left the company a long time ago before Sharp did, in 2012.Īt any rate, CNBC reported that the negotiation for PayPal’s acquisition of Pinterest is in the last phase already. Sharp along with Ben Silbermann and Paul Sciarra founded the online scrapbook and photo-sharing platform in 2009. The reports of the deal surfaced just a week after Evan Sharp, Pinterest’s co-founder, revealed his plans to step down from the company and move to LoveFrom, the creative collective company founded by Jony Ive who is a British-American product designer and was Apple inc. ![]() The insiders who shared the news requested to remain anonymous as they said the negotiations are still confidential at this time. Then again, both PayPal and Pinterest could not immediately issue a response to inquiries regarding the rumored acquisition. PayPal will mostly be financing the purchase through stock. 20, it was reported that the financial technology company specializing in money transfers worldwide made an offer to acquire the image-sharing platform.Īccording to Reuters, the acquisition deal is per share price and this would represent a 26% premium to Pinterest's Tuesday’s closing price of $55.58. Paypal is set to buy Pinterest for $45 billion and this was revealed by sources who are familiar with the deal.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |