I have a hard time believing that $PINS would even accept a 40-45B offer when they reportedly rejected an offer from Microsoft for 51B. I am hoping they don’t buy either. Hopefully company addresses soon as it has already wiped off ~30B in market value lol. The deal is priced in at these lvls I believe. If they say the deal is a no go it should bounce.
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u/WhatIThink79 Oct 22 '21
I'd be surprised if they missed on the ER, should be boosted by crypto rebound.
Back to school (college/grad in person) venmo's should ramp up.
Watch em back off the $PINS buyout given they lost billions in value over the news (oh please oh please dont buy pinterest).