<p id="thickbox_headline">Shares of Pinterest, a platform combining social networking and photo sharing, soared Wednesday after reports of possible takeover talks by online payment service provider PayPal.</p>.<p>The companies were discussing an acquisition price of $70 per share, according to <em>Bloomberg</em>, which would value Pinterest about $44 billion, taking into account the total outstanding shares.</p>.<p>Neither PayPal nor Pinterest responded immediately to requests for comment.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/paypal-looking-to-buy-pinterest-in-39-billion-deal-1042514.html" target="_blank">PayPal looking to buy Pinterest in $39 billion deal </a></strong></p>.<p>Just after 1800 GMT, Pinterest stock was up nearly 14 per cent to over $63, while PayPal had lost about five per cent to hover around $258.</p>.<p>Launched in 2009 with a focus on user creativity, Pinterest went public in April 2019.</p>.<p>It had revenues of $1.69 billion in 2020, up 48 per cent, and had 454 million monthly active users at the end of June 2021.</p>.<p>But the market had deemed the growth in the number of its users disappointing when it released its second quarter results in July.</p>.<p>Analysts feared Pinterest would not be able to maintain the momentum it gained during the Covid-19 pandemic, which had boosted its traffic.</p>.<p>At the end of July, the site was reporting a seven per cent year-over-year decline in its users in the United States.</p>.<p>Like many social networks, Pinterest is looking to improve the monetization of its content and traffic.</p>.<p>The group announced Wednesday a series of innovations to expand the site's range of uses, but also facilitate the sale of products by creators on the platform.</p>.<p>Monetization and the use of online payments could thus constitute a junction point between Pinterest and PayPal, a longtime ecommerce player.</p>.<p>As for PayPal, it has more than doubled its market capitalization thanks to the explosion of online commerce during the pandemic, and now exceeds $300 billion.</p>.<p>The company is looking to expand through acquisitions. In early September it announced the purchase of the Japanese specialist in credit purchases online, Paidy, for $2.7 billion.</p>.<p><strong>Check out the latest DH videos:</strong></p>
<p id="thickbox_headline">Shares of Pinterest, a platform combining social networking and photo sharing, soared Wednesday after reports of possible takeover talks by online payment service provider PayPal.</p>.<p>The companies were discussing an acquisition price of $70 per share, according to <em>Bloomberg</em>, which would value Pinterest about $44 billion, taking into account the total outstanding shares.</p>.<p>Neither PayPal nor Pinterest responded immediately to requests for comment.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/paypal-looking-to-buy-pinterest-in-39-billion-deal-1042514.html" target="_blank">PayPal looking to buy Pinterest in $39 billion deal </a></strong></p>.<p>Just after 1800 GMT, Pinterest stock was up nearly 14 per cent to over $63, while PayPal had lost about five per cent to hover around $258.</p>.<p>Launched in 2009 with a focus on user creativity, Pinterest went public in April 2019.</p>.<p>It had revenues of $1.69 billion in 2020, up 48 per cent, and had 454 million monthly active users at the end of June 2021.</p>.<p>But the market had deemed the growth in the number of its users disappointing when it released its second quarter results in July.</p>.<p>Analysts feared Pinterest would not be able to maintain the momentum it gained during the Covid-19 pandemic, which had boosted its traffic.</p>.<p>At the end of July, the site was reporting a seven per cent year-over-year decline in its users in the United States.</p>.<p>Like many social networks, Pinterest is looking to improve the monetization of its content and traffic.</p>.<p>The group announced Wednesday a series of innovations to expand the site's range of uses, but also facilitate the sale of products by creators on the platform.</p>.<p>Monetization and the use of online payments could thus constitute a junction point between Pinterest and PayPal, a longtime ecommerce player.</p>.<p>As for PayPal, it has more than doubled its market capitalization thanks to the explosion of online commerce during the pandemic, and now exceeds $300 billion.</p>.<p>The company is looking to expand through acquisitions. In early September it announced the purchase of the Japanese specialist in credit purchases online, Paidy, for $2.7 billion.</p>.<p><strong>Check out the latest DH videos:</strong></p>