PayPal has no intention of acquiring Pinterest at this time
PayPal's acquisition of Guofubao challenges Alipay and WeChat , will it eliminate the payment industry monopoly?
PayPal announced that it does not intend to acquire Pinterest at the present time. Previously, some media said that PayPal was preparing to acquire Pinterest for $ 45 billion.
The acquisition of Pinterest will lead to significant integration risks for PayPal, particularly in terms of cultural and operational integration.
The main focus of operating the platform is to increase user interaction and strengthen advertising business. And that's not what PayPal is good at ."
Pinterest's development faces challenges, such as the departure of co-founder Evan Sharp and a slowdown in user growth. Some analysts believe there may be other companies interested in acquiring Pinterest .
Compared to other social media counterparts, Pinterest's rating is quite reasonable . The stock price has fallen in recent months, and the user growth rate has slowed significantly. So we think it's still a potential target acquisition."
It increased the price of PayPal shares by 35% over the past twelve months, and was evaluated close to $ 320 billion before the emergence of rumors of the acquisition. After the rumors emerged, PayPal's stock price fell 12%, because experts and analysts believed that the acquisition negotiations might not be fruitful, and some thought it was difficult to merge Pinterest and PayPal.
After the new crown was gradually loosened, Pinterest's global growth began to slow, especially in the United States, and Pinterest users were mainly from the United States. Pinterest once predicted that the main driving force for the next growth would come from deep interaction with existing users, rather than new registered users. In the June quarter, Pinterest's monthly active users increased 9% to 454 million, compared to a 30% increase in the previous quarter.
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