The collapse of Netflix shares on Wednesday is the latest drastic sign that investors are abandoning streaming services and other pandemic winners.
PayPal is not pursuing an acquisition of Pinterest at this time, the payments company said, responding to media reports.
PayPal has made an offer to buy digital pinboard site Pinterest for $45-billion, people familiar with the matter said on Wednesday.
Shares of Pinterest fell about 20% in pre-market trading on Friday after the company warned of slowing user growth in the US, its largest market.
Discord is not new, but talks about a $10-billion sale to Microsoft has the world wondering about this videogame-centric chat app.
Microsoft is in talks to buy messaging platform Discord for more than US$10-billion, Bloomberg News reported, citing people familiar with the matter.
Microsoft approached Pinterest in recent months about a potential deal to acquire the US$51-billion social media company, the Financial Times reported, citing people briefed on the matter.
Underscoring the importance of social media to South African smartphone users, Telkom has unveiled a series of new “social bundles”, offering access from as little as R1.
Pinterest plans to raise about US$1.5-billion dollars in its initial public offering of shares. The digital scrapbooking site will put about 86.3 million shares up for sale at a price between $15 and $17 each.
Twitter co-founder Biz Stone said he’s rejoining the company six years after he left, becoming the second creator to return to help revive the struggling social media service. In his new role, Stone will be focused on company culture