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 suffered user decline in the last year and I don’t think their management knows how to fix the problem. I highly doubt PayPal would much to help on Pinterest user decline. To me, Pinterest users are a niche market of designers and collectors. I thought it would be easy for Pinterest to create a vibrant marketplace with the user personas they have. I guess it’s just too niched.
Pinterest stocks jumped about 14% today.