In this file photo taken on April 18, 2019 Chairman, Co-Founder and CEO of Pinterest, Ben Silbermann, speaks in front of the companies logo at the New York Stock Exchange , during the company’s IPO in New York City. – Shares of Pinterest, a platform combining social networking and photo sharing, soared October 20, 2021 after reports of possible takeover talks by online payment service provider PayPal.
PayPal said in a statement late Sunday that “in response to market rumours regarding a potential acquisition of Pinterest by PayPal”, the company “is not pursuing an acquisition of Pinterest at this time”. Pinterest last week announced a range of new features, including a TikTok-like video feed called “Watch” intended to help users discover new content.