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   Technology StocksPayPal Inc. - PYPL


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From: BigMacAttack8/31/2021 11:07:11 AM
   of 154
 
Still the best way to pay online IMO. Without Paypal, internet shopping wouldn't be what it is today.

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To: BigMacAttack who wrote (148)10/20/2021 12:39:11 PM
From: Glenn Petersen
   of 154
 
Pinterest shares soar following report PayPal may buy it

PUBLISHED WED, OCT 20 202111:29 AM EDT
UPDATED 10 MIN AGO
Jessica Bursztynsky @JBURSZ
CNBC.com

KEY POINTS

-- Shares of Pinterest soared Wednesday morning on a report PayPal may acquire the social media company.

-- The company’s stock was halted twice.

-- PayPal has discussed acquiring the company for a potential price of around $70 a share, which would value Pinterest at about $39 billion, according to Bloomberg.

Shares of Pinterest soared Wednesday morning on a Bloomberg report that PayPal may acquire the social media company.

The company’s stock was halted twice, before gaining about 9% as of midday. PayPal, meanwhile, dipped more than 3% on the news.

PayPal and Pinterest declined to comment.

PayPal has discussed acquiring the company for a potential price of around $70 a share, which would value Pinterest at about $39 billion, according to Bloomberg. Pinterest stock closed at $55.58 per share on Tuesday.

Pinterest went public in April 2019, where it was valued at just more than $10 billion.

PayPal has largely benefited from the boom in online shopping since the start of the coronavirus pandemic. Last year, it pitted itself against the growing buy-now-pay-later companies with its “ Pay in 4” offering. A potential acquisition of Pinterest could push the company into social commerce, a growing space that other tech giants are already working on.

Facebook, for example, has heavily pushed into making Instagram shoppable. Last summer, it began testing a dedicated “Shop” tab on its home screen. It also lets users shop through regular Instagram posts, Live, Stories and its Explore feed, and has tested shopping on its short-form video feature Reels.

Social commerce lets companies track clicks and purchases within their respective apps, so they can prove the effectiveness of ads to advertisers. It also could allow the companies to receive a cut of each transaction.

Pinterest shares soar following report PayPal may buy it (cnbc.com)

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To: Glenn Petersen who wrote (149)10/20/2021 1:44:06 PM
From: John Hayman
   of 154
 
Why are they buying Pinterest ? I don't get it.
John

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To: John Hayman who wrote (150)10/20/2021 5:59:24 PM
From: Glenn Petersen
1 Recommendation   of 154
 
You're not the only one. Neither do I.

The market agrees with us. PPYPL down 5% today.

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From: Glenn Petersen10/25/2021 7:12:08 AM
1 Recommendation   of 154
 
PayPal says it’s not looking to buy Pinterest right now; shares jump 6%

PayPal says it is not about to buy Pinterest (cnbc.com)

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From: John Hayman10/29/2021 3:44:12 PM
   of 154
 
For what it's worth. The Fool on the deal with Pinterest.
John

youtu.be

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From: John Hayman11/9/2021 10:36:30 AM
   of 154
 
Ouch !!

PayPal earnings topped views while revenue and total payment volume missed estimates amid lowered expectations. PayPal stock dived.


PayPal Stock Dives Despite Amazon Deal As Fiscal 2022 Revenue Guidance Misses (yahoo.com)

John

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