fbpx
No Result
View All Result
The Liberty Loft
  • Home
  • Podcasts
    • The Closet Conservative Podcast
    • A Conservative View from New Hampshire
    • Politically Insane
    • The Right of Center Podcast
  • About Us
    • About Us
    • Our Team
    • Contact
    • Advertising
    • Find Us Online
  • Submit
  • Work with us!
Newsletter
No Result
View All Result
The Liberty Loft
Sign Up

PayPal quashes Pinterest acquisition rumors

by AFP
October 25, 2021
in Business
Paypal, Pinterest, Acquisition,

Launched in 2009, Pinterest is a popular source of visual inspiration for everything from wedding planning to recipes and home decoration

Charlotte, NC — Online payments giant PayPal has said it is not seeking to buy Pinterest, ending days of speculation that had prompted shares in the image-sharing site to soar.

Bloomberg had reported last week that the two California-based companies were discussing an acquisition price of $70 per share, which would value Pinterest at about $44 billion taking into account the total outstanding shares.

At this price it would have been the biggest ever acquisition of a social media company, but reports at the time had said a deal was not certain.

PayPal said in a statement late Sunday that “in response to market rumors regarding a potential acquisition of Pinterest by PayPal,” the company “is not pursuing an acquisition of Pinterest at this time.”

PayPal’s shares rose 6.7 percent to $256.50 in premarket trading on Monday, while Pinterest was down 10.8 percent to $51.80.

Launched in 2009, Pinterest is a popular source of visual inspiration for everything from wedding planning to recipes and home decoration.

The site went public in 2019 and had revenues of $1.69 billion in 2020, up 48 percent.

But like many social networks it is looking to boost traffic as well as the monetization of its content.

Pinterest last week announced a range of new features, including a TikTok-like video feed called “Watch” intended to help users discover new content.

It also announced a $20 million fund to pay creators, as social media giants battle to attract high-profile internet personalities who will draw users to the site.

PayPal has meanwhile been looking to expand through acquisitions, announcing the purchase of Paidy, a Japanese specialist in credit purchases online, in early September.

The company has more than doubled its market capitalization thanks to the explosion of online commerce during the pandemic, and now exceeds $300 billion.

Buying Pinterest would have consolidated its position in e-commerce, as shoppers increasingly look to buy items online that they have discovered via social media sites like Instagram.

Support The Liberty Loft by donating via PayPal or donate with crypto. Your support helps us achieve our mission to deliver conservative news and opinion. You can find us on a wide variety of social media channels or subscribe to our notifications to receive all the latest information as it is released.

Loading
Share with others!
Next Post
Anthony Fauci, gain of function, Wuhan, COVID,

Anthony Fauci deserves to be charged, not just fired

Comments 16

  1. Pingback: 80 mg di ossicodone da acquistare online
  2. how to join illuminati says:
    2 years ago

    684674 957403stays on subject and states valid points. Thank you. 429923

  3. Firearms For Sale says:
    2 years ago

    594821 838745Maximize your by how a large amount of gear are employed internationally and will often impart numerous memory utilizing that your is also fighting that can be a result from our team rrnside the twenty 1st centuries. every day deal livingsocial discount baltimore washington 139622

  4. Order Morphine Sulfate online Munich says:
    2 years ago

    550434 72188I believe one of your advertisings triggered my internet browser to resize, you could effectively want to put that on your blacklist. 626114

  5. gate io kimlik doğrulama ne kadar sürer says:
    2 years ago

    I am a student of BAK College. The recent paper competition gave me a lot of headaches, and I checked a lot of information. Finally, after reading your article, it suddenly dawned on me that I can still have such an idea. grateful. But I still have some questions, hope you can help me.

  6. 코인종목추천 says:
    2 years ago

    977986 620067Wonderful blog, Im going to spend far more time reading about this topic 197833

  7. african bbw hidden cam says:
    2 years ago

    553073 414177Wonderful beat ! I wish to apprentice although you amend your web web site, how can i subscribe for a blog site? The account aided me a appropriate deal. I had been a little bit acquainted of this your broadcast provided bright clear idea 252155

  8. redirected here says:
    2 years ago

    698326 471620The subsequent time I read a weblog, I hope that it doesnt disappoint me as a whole lot as this one. I mean, I know it was my option to read, but I truly thought youd have something attention-grabbing to say. All I hear is actually a bunch of whining about something which you possibly can repair need to you werent too busy on the lookout for attention. 706755

  9. 스포츠토토제작 says:
    2 years ago

    506214 376809Previously you ought to have highly effective internet business strategies get you started of acquiring into topics suitable for their web-based organization. educational 714436

  10. Residual income says:
    2 years ago

    221590 571910I dont normally comment but I gotta state thanks for the post on this wonderful 1 : D. 527353

  11. best place to buy guns online says:
    3 years ago

    874946 703586Amazing post will be posting this on my blog today keep up the great work. 490649

  12. sbobet says:
    3 years ago

    561318 378069You got a really great internet site, Glad I observed it by means of yahoo. 683226

  13. พิโกไฟแนนซ์ says:
    3 years ago

    263734 438883Find out these pointers read on and learn to know how to submit an application doing this that you policy your corporation today. alertpay 821106

  14. sportsbet io giriş says:
    3 years ago

    2027 759215Yay google is my king helped me to discover this excellent web web site ! . 315639

  15. sbo says:
    3 years ago

    863480 527780Its like you read my mind! You appear to know so a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but rather of that, this is wonderful blog. A amazing read. Ill definitely be back. 663927

  16. trusted cc dumps shop 2022 says:
    3 years ago

    302134 377910Just wanna comment that you have a really nice web site, I the style and style it actually stands out. 183534

Leave a Reply

Your email address will not be published. Required fields are marked *

Devotionals from Another Well Ministries

God has been good
God has been good

While the journey may not have been easy, God has been good. [...]

A solid foundation
A solid foundation

If our lives are not founded on a solid foundation, we are at risk for collapse.  [...]

Filling the void
Filling the void

True happiness and satisfaction in life can only be found in the one true God.  [...]

The Liberty Loft

© 2022 The Liberty Loft

Navigate Site

  • Home
  • Podcasts
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Podcasts
    • A Conservative View from New Hampshire
    • The Closet Conservative Podcast
    • Politically Insane
    • The Right of Center Podcast
  • About Us
    • Our Team
    • Contact
    • Advertising
    • Find Us Online
  • Newsletter
  • Submit
  • Work with us!

© 2022 The Liberty Loft