U.S. markets closed
  • S&P 500

    4,594.62
    -106.84 (-2.27%)
     
  • Dow 30

    34,899.34
    -905.04 (-2.53%)
     
  • Nasdaq

    15,491.66
    -353.57 (-2.23%)
     
  • Russell 2000

    2,245.94
    -85.52 (-3.67%)
     
  • Crude Oil

    68.15
    -10.24 (-13.06%)
     
  • Gold

    1,788.10
    +1.20 (+0.07%)
     
  • Silver

    23.14
    -0.40 (-1.70%)
     
  • EUR/USD

    1.1320
    +0.0108 (+0.96%)
     
  • 10-Yr Bond

    1.4820
    -0.1630 (-9.91%)
     
  • GBP/USD

    1.3338
    +0.0018 (+0.14%)
     
  • USD/JPY

    113.3300
    -2.0090 (-1.74%)
     
  • BTC-USD

    54,806.67
    +737.03 (+1.36%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • FTSE 100

    7,044.03
    -266.34 (-3.64%)
     
  • Nikkei 225

    28,751.62
    -747.66 (-2.53%)
     

Pinterest Stock Spikes on Report of PayPal Buyout Interest. Why It Makes ‘Zero Sense.’

·4 min read
Pinterest Stock Spikes on Report of PayPal Buyout Interest. Why It Makes ‘Zero Sense.’
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Pinterest stock was jumping on a report that said PayPal was exploring a potential acquisition of the social media company. PayPal (ticker: PYPL) was looking to acquire Pinterest (ticker: PINS) at around $70 a share, which would value the social media site at roughly $39 billion, people familiar with the deal told Bloomberg. The price would represent a 26% premium to Pinterest’s closing price of $55.58 on Tuesday.