U.S. Markets closed
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • Dow 30

    34,580.08
    -59.71 (-0.17%)
     
  • Nasdaq

    15,085.47
    -295.85 (-1.92%)
     
  • Russell 2000

    2,159.31
    -47.02 (-2.13%)
     
  • Crude Oil

    66.22
    -0.28 (-0.42%)
     
  • Gold

    1,782.10
    +21.40 (+1.22%)
     
  • Silver

    22.57
    +0.25 (+1.12%)
     
  • EUR/USD

    1.1317
    +0.0012 (+0.1019%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • Vix

    30.67
    +2.72 (+9.73%)
     
  • GBP/USD

    1.3235
    -0.0067 (-0.5029%)
     
  • USD/JPY

    112.8000
    -0.4090 (-0.3613%)
     
  • BTC-USD

    49,428.33
    +2,227.09 (+4.72%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

PayPal Says It Isn’t Pursuing Pinterest ‘at This Time.’ Pinterest Stock Is Getting Crushed.

·1 min read
PayPal Says It Isn’t Pursuing Pinterest ‘at This Time.’ Pinterest Stock Is Getting Crushed.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Bloomberg had reported last week that the payments company had approached Pinterest about a potential deal, based on a $70-a-share valuation for the social-media company, which would have given it a $45 billion market capitalization. PayPal Holdings (ticker: PYPL) shares were up 5.6% in premarket trading Monday, with Pinterest (PINS) shares down 15% to $49.41 after gaining 8.3% last week on news of the potential deal. It would have brought PayPal control of a key social-media site that influences shoppers’ behavior, as well as new advertising revenue.