Arab Press

بالشعب و للشعب
Thursday, Jul 24, 2025

Pinterest shares soar amid reports of $39bn takeover by PayPal

Pinterest shares soar amid reports of $39bn takeover by PayPal

Paypal approached digital pinboard site Pinterest, which has 478m active users, about possible acquisition, Bloomberg News reports
​​PayPal is reportedly exploring the acquisition of social media company Pinterest, according to Bloomberg News.

PayPal, the financial technology company based in San Jose, California, recently approached Pinterest about a potential deal that would value Pinterest at roughly $39bn, according to Bloomberg. The price is close to its market value on Wednesday. PayPal has a market cap of $304bn.

The news sent Pinterest’s share price soaring more than 10% and led to trading in the image-sharing and social media service being suspended twice. PayPal’s share price slumped more than 4%. Neither company has commented on the rumors so far.

Pinterest, based in San Francisco, has more than 478 million active users. The 11-year-old service started as a social media company, offering users a way to store and share favorite images. But it has since expanded its services into visual search and e-commerce. Last year, Pinterest signed a deal with Shopify, an e-commerce platform for online retailers, to allow its customers to create catalogues on Pinterest.

PayPal has benefited from the boom in online shopping since the start of the pandemic. In February, the company said its profits had tripled in the fourth quarter, driven by accelerated adoption of digital payments during the pandemic. Last year was its strongest ever annual performance, with PayPal processing a record $936bn in payments.

But the pandemic boom has faded slightly, and the company faces increasing competition from US and international technology companies, including Apple, Facebook and China’s WeChat, which are expanding their financial technology services.

PayPal also owns the mobile payments service Venmo, and has been expanding in the increasingly competitive “buy-now-pay-later” sector with its “Pay in 4” offering.

Last month, PayPal bought Paidy, a Japanese buy-now-pay-later service for $2.7bn.

Facebook, too, has been challenging Pinterest with its Instagram service, where it is increasingly pushing retail. Instagram lets users shop through regular Instagram posts and other features, and last summer began testing a dedicated “shop” tab on its home screen.

Pinterest co-founder Evan Sharp, who also served as the chief design and creative officer, resigned earlier this month. Sharp is joining Apple design guru Jony Ive’s new creative collective LoveForm, but will retain an advisory role with Pinterest and continue to serve on the company’s board of directors.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
×