Why Is Everyone Talking About Pinterest Stock?

·4 min read
Why Is Everyone Talking About Pinterest Stock?

Pinterest's (NYSE: PINS) stock soared nearly 13% on Oct. 20 after a Bloomberg report declared that PayPal (NASDAQ: PYPL) was interested in buying the social media company for about $70 per share. The report, which cited anonymous sources, claimed the deal would value Pinterest at approximately $45 billion and represent PayPal's largest acquisition ever. A subsequent Reuters report claimed PayPal would fund most of the deal with its own stock instead of cash or debt.

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