Just Realized

Chronicles of the gig economy, autonomous vehicles, and the platforms reshaping transportation and delivery. Covering Uber, Lyft, DoorDash, Tesla, Waymo, and the race to autonomous mobility.

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.

Bloomberg

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.

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