PayPal Says It Is Not Pursuing Acquisition of Pinterest

PayPal is not pursuing an acquisition of Pinterest Inc at this time, the payments company said late on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion (roughly Rs. Rs. 3,36,770 crore). Bloomberg News first reported on the companies’ talks last Wednesday that […]

PayPal Said to Be in $45-Billion Bid for Pinterest

PayPal has offered to buy Pinterest for $45 billion (roughly Rs. 3,36,770 crore), people familiar with the matter said, a combination that could herald more financial technology and social media tie-ups in e-ecommerce. It would be the biggest acquisition of a social media company, surpassing Microsoft’s $26.2 billion (roughly Rs. 1,95,990 crore) purchase of LinkedIn in 2016. […]

PayPal Looking To Buy Pinterest In $45 Billion Deal: Report

PayPal made an offer to buy digital pinboard site Pinterest Inc PayPal Holdings Inc has made an offer to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between financial technology and social media companies in e-ecommerce. The per share […]

Pinterest Co-Founder Evan Sharp Joins Ex-Apple Designer Jony Ive’s Firm

Pinterest said on Thursday co-founder Evan Sharp is leaving the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products. Sharp built Pinterest’s original platform and oversaw its rapid growth in the past decade, and most recently served as the company’s chief design and creative officer. Sharp founded the […]

Pinterest Launches New Advertising Features to Drive Shopping

Pinterest will roll out new features for brands to promote products and ideas to users, the digital pinboard company said Wednesday, part of an effort to grow online shopping on its site. The features come as social media rivals including Facebook, TikTok and Snap compete for the lucrative e-commerce market with in-app shopping or virtual […]

Facebook Accused of Buying and Burying Rivals by US FTC

The US Federal Trade Commission (FTC) refreshed its antitrust case against Facebook Inc on Thursday, adding more detail on the accusation the social media company crushed or bought rivals and once again asking a judge to force the social media giant to sell Instagram and WhatsApp. At 80 pages, the new complaint is significantly longer […]

Less Social Media, More Socialising Hits Pinterest as US User Growth Slows

Pinterest on Thursday said user growth in the United States was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic are stepping out more as curbs ease. Shares of the digital pinboard site slumped nearly 20 percent in extended trade, with investors looking past Pinterest beating revenue […]

YouTube Most Popular Social Media Platform in US in 2021: Report

YouTube is used by about 81 percent of people in the US, making it the most popular social media platform in the country in 2021, a report by Pew Research Center shows. The video sharing platform is followed by Facebook that is used by 69 percent of the population that took part in the survey […]

Microsoft Approached Pinterest in Recent Months About Potential Deal: Report

Microsoft approached Pinterest in recent months about a potential deal to acquire the $51-billion (roughly Rs. 3,71,320 crores) social media company, the Financial Times reported, citing people briefed on the matter. The negotiations were currently not active, according to the report. A general shift to virtual interactions leading to increased engagement on social media platforms […]

Twitter, Periscope, Pinterest Face Advertising Ban in Turkey

Turkey’s Information and Communication Technologies Authority has imposed advertising bans on Twitter, Periscope and Pinterest under a new social media law, according to decisions published in the country’s Official Gazette on Tuesday. The law, which critics say will muzzle dissent, requires social media companies to appoint local representatives in Turkey. On Monday, Facebook joined other […]

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