PayPal is exploring Pinterest acquisition
San Jose, California-based PayPal has recently approached Pinterest about a potential deal, the people said, asking not to be identified because the talks are private. The companies have discussed a potential price of around $70 a share, the people said.
Pinterest has been bleeding users this past year and I don't think their management knows how to fix it. I doubt PayPal can do much about Pinterest's user decline. To me, Pinterest users are a niche market of designers and collectors. I thought it'd be easy for Pinterest to create a vibrant marketplace with the user personas they have, but maybe it's just too niche.
Pinterest stock jumped about 14% today.