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AMP/USD   $ 0.002960

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DEFT/USD   $ 0.00002080

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RULER/USD   $ 0.006669

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SPORE/USD   $ 0.9137

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DEFLCT/USD   $ 0.7343

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HVE/USD   $ 0.0004395

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JCB/USD   $ 0.00004900

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FWC/USD   $ 0.00000000008000

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FDC/USD   $ 0.00000021

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YETI/USD   $ 0.003856

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SMR/USD   $ 0.06492

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BTC/USD   $ 26712.9

ETH/USD   $ 1796.60

LTC/USD   $ 92.39

DASH/USD   $ 44.41

DOGE/USD   $ 0.07324

FIL/USD   $ 4.45

ADA/USD   $ 0.3676

USDT/USD   $ 1.00

SHIB/USD   $ 0.00000866

HOLO/USD   $ 0.003566

BTT/USD   $ 0.00000060

WINK/USD   $ 0.0001995

YFI/USD   $ 6739.04

PAXG/USD   $ 1995.93

MKR/USD   $ 630.44

BCH/USD   $ 117.30

WBTC/USD   $ 26739.6

COMP/USD   $ 35.00

AAVE/USD   $ 62.48

ZEC/USD   $ 33.10

ICP/USD   $ 5.19

TRB/USD   $ 11.87

ETC/USD   $ 18.36

NMR/USD   $ 13.50

BAL/USD   $ 5.42

LINK/USD   $ 6.62

REP/USD   $ 6.88

UNI/USD   $ 5.15

ATOM/USD   $ 10.78

UMA/USD   $ 2.12

SNX/USD   $ 2.18

SUSHI/USD   $ 0.8944

BAND/USD   $ 1.47

EOS/USD   $ 0.8928

OMG/USD   $ 0.8033

RLC/USD   $ 1.56

MIR/USD   $ 0.05600

BNT/USD   $ 0.4149

XTZ/USD   $ 0.8899

CGLD/USD   $ 1.74

1INCH/USD   $ 0.4109

CRV/USD   $ 0.8177

KNC/USD   $ 0.6039

ENJ/USD   $ 0.3523

MATIC/USD   $ 0.8601

STORJ/USD   $ 0.3080

ZRX/USD   $ 0.2240

ALGO/USD   $ 0.1679

GRT/USD   $ 0.1221

OGN/USD   $ 0.09479

CTSI/USD   $ 0.1985

MANA/USD   $ 0.5062

BAT/USD   $ 0.2212

DAI/USD   $ 1.00

USDC/USD   $ 0.9998

REN/USD   $ 0.07770

XLM/USD   $ 0.08778

NKN/USD   $ 0.09859

OXT/USD   $ 0.06790

LRC/USD   $ 0.2967

SKL/USD   $ 0.03220

CVC/USD   $ 0.08861

SAND/USD   $ 0.5290

NU/USD   $ 0.1500

GNT/USD   $ 0.00000001

DNT/USD   $ 0.02720

ANKR/USD   $ 0.02588

LOOM/USD   $ 0.05156

AMP/USD   $ 0.002960

MANY/USD   $ 0.3509

WTK/USD   $ 0.02170

POSI/USD   $ 0.02355

WINR/USD   $ 0.00003100

DEFT/USD   $ 0.00002080

ISA/USD   $ 0.0001070

RULER/USD   $ 0.006669

SPORE/USD   $ 0.9137

DEFLCT/USD   $ 0.7343

HVE/USD   $ 0.0004395

JCB/USD   $ 0.00004900

FWC/USD   $ 0.00000000008000

FDC/USD   $ 0.00000021

YETI/USD   $ 0.003856

SMR/USD   $ 0.06492

PayPal denies Pinterest acquisition deal

  • News
  • PayPal denies Pinterest acquisition deal

eBitcoinics   26 Oct, 2021   finbold   Views: 299

Online payment platform PayPal (NASDAQ: PYPL) has denied reports that it intends to purchase social media platform Pinterest in an alleged $45 billion deal.

In a statement, PayPal clarified that it has no interest in pursuing Pinterest at the moment. However, in the brief statement, the company did not rule out the possibility of a future deal.

“In response to market rumors regarding a potential acquisition of Pinterest by PayPal, PayPal stated that it is not pursuing an acquisition of Pinterest at this time,” PayPal stated.

Similarly, Pinterest has not provided any feedback regarding the alleged deal.  

Last week, reports emerged that PayPal intended to expand its brand with the Pinterest acquisition, a deal that would have potentially ushered the payment giant into the social commerce sector.

The reports indicated that PayPal had offered $70 for each share of Pinterest, a 25 percent premium to where the digital pinboard’s stock had been trading before the acquisition news.

Following the news, Pinterest’s stock surged by almost 7%, while PayPal corrected by about 5%.

PayPal expansion plans

After emerging as a critical player in the online payment scene, PayPal has been working towards attaining the ‘Super App’ status with lined-up acquisitions and new features.

Last month, the platform added a high-yield savings account, in-app shopping tools, up to two-day early access to direct deposit funds, bill pay, and deals and rewards for users.

PayPal is also expected to unveil new features, including investment capabilities and purchasing cryptocurrency in the coming months.

Notably, social commerce is a growing scene with other tech giants, including Facebook venturing into the sector. For instance, the social media platform has begun testing a dedicated “Shop” tab on Instagram’s home screen.

Through social commerce, companies can track clicks and purchases within their respective apps to measure the effectiveness of adverts.


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