![]() ![]() The market has valued Pinterest shares more cheaply than those of some younger social media platforms such as Snap Inc but higher than more mature companies such as Twitter Inc, according to Refinitiv Eikon valuation metrics. It has said it expects revenue growth mainly through deeper engagement with existing users rather than signing up new ones. It also saw a huge spike in users looking for crafts and DIY project ideas, as lockdown curbs kept people at home.Īs lockdowns eased, Pinterest has warned about slowing user growth, especially in the United States, its largest market. Pinterest was valued at about $13 billion when it went public in 2019. Its shares have risen about 36% in the last 12 months, giving it a market capitalization of nearly $320 billion. The payments behemoth was among the big winners of the COVID-19 pandemic, as more people used its services to shop online and pay bills to avoid stepping out. "(The) combination would be a significant positive for PayPal's ongoing monetization initiatives on both sides of its merchant and consumer platforms, especially if Pinterest's social commerce platform gets integrated with Honey's AI into PayPal's destination app," Wedbush analysts wrote in a note. PayPal shares fell 4.9% to close at $258.36, while Pinterest shares jumped 12.8% to $62.68. Bloomberg News first reported on the companies' talks on Wednesday. PayPal and Pinterest did not respond to requests for comment. They asked not to be identified because the matter is confidential. The sources cautioned that no deal was certain and terms could change. The online payments provider hopes to successfully negotiate and announce a deal by the time it reports quarterly earnings on Nov. He spent more than two decades at the tech giant before leaving in 2019, and led the design of the candy-colored iMacs that helped Apple re-emerge from near death in the 1990s as well as the design of the iPhone.PayPal has offered $70 per share, mostly in stock, for Pinterest, one of the sources said. Ive was a close creative collaborator with Apple co-founder Steve Jobs. ![]() Its clients include home rental company Airbnb Inc and Italian luxury car maker Ferrari. “LoveFrom is a creative collective”, the firm’s website says. ![]() Ive co-founded design firm LoveFrom with fellow designer Marc Newson. He will transition into an advisory role and continue to serve as a board member, the company said in a blogpost. Sharp founded the online scrapbook and photo-sharing platform along with Ben Silbermann, who is the company’s chief executive officer, and Paul Sciarra, who left in 2012. 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. (Reuters) – Pinterest Inc 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. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |