digital payment company last week PayPal social media platform Pinterest There were rumors about According to Bloomberg’s claim, PayPal has attempts to buy Pinterest. Shares of both companies rose sharply after the rumors. Especially the shares of the social media company $62.68 up to levels.
A statement appeared on the official website of payment company PayPal today. The company responded days later to allegations of attempts to buy Pinterest…
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PayPal denies Pinterest claims
62 dollars in the band Pinterestto the shares of 70 dollars offering to give PayPalIt was said that he was determined to take the platform. Pinterest costs PayPal 39 billion dollars would be. Thus, it would become the most expensive social media platform ever sold.
After all these allegations, the payment company denied the rumors today. PayPal, in a statement made on its website, stated that “it is not currently in pursuit of buying Pinterest”.
CNBCShares of PayPal on the Nasdaq stock rose almost 6 percent in premarket trading today, according to the news. Shares of Pinterest, however, fell more than 9 percent.
Monthly 454 million with active user Pinterestallows users to create and share image boards. Market cap of the platform, which went public in April 2019 37 billion dollars around. According to the data of 2020 21.45 billion dollars income-generating PayPal, Venmo, xoom, Zettle and Honey It has many companies from independent sectors such as
With this, Microsoft in 2016 $26.2 billion in return LinkedIn he bought. Also, Facebook Instagramabout 1 billion dollars and WhatsApp for $19 billion in exchange for it. slack if for salesforce, 27 billion dollars paid.