Saudi Press

Saudi Arabia and the world
Friday, Aug 22, 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

Saudi Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"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
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
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
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
×