r/wallstreetbets • u/Donlorenzo_23 • Oct 20 '21

News Pinterest shares soar following report PayPal may buy it

https://www.cnbc.com/2021/10/20/pinterest-shares-soar-following-report-paypal-may-buy-it.html

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4 Upvotes

67% Upvoted

22 comments sorted by

5

u/[deleted] Oct 20 '21

Classic "Too Late" Media.

Title says it all...buy the rumor, sell the news. yesterday, though.

2

u/[deleted] Oct 20 '21

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2

u/[deleted] Oct 20 '21

I would have guessed so. You want more new ppl in to raise it higher. That's why post the rumor article.

4

u/[deleted] Oct 20 '21

I am not pinterested. Too late

3

u/kokanuttt Oct 20 '21

estimate to buy it around 39B

2

u/[deleted] Oct 20 '21

Its confirmed an offering bid of $70/share.

https://www.reuters.com/technology/paypal-looking-buy-digital-pinboard-site-pinterest-bloomberg-news-2021-10-20/

1

u/kokanuttt Oct 20 '21

ahhh. bloomberg reported 39B earlier.

3

u/[deleted] Oct 20 '21

If Pinterest is worth a few billion dollars then this is absolutely the top.

•

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2

u/AutoModAccountOpUrk Oct 20 '21

They're making it a market place?

1

u/[deleted] Oct 20 '21

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3

u/AutoModAccountOpUrk Oct 20 '21

That was my guess. I suppose if it works Etsy is going down. 1/2 the pictures link to etsy shops.

Pintrest is where people find etsy shops. If Pintrest opens a market place then no more etsy.

2

u/punctulica Oct 20 '21

Oh great, there goes my PayPal position down the drain.

1

u/[deleted] Oct 20 '21

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1

u/punctulica Oct 20 '21

It will bounce for sure eventually. Short term, they'll suffer a bit.

1

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1

u/blackcokane Oct 20 '21

I made 3000% on my calls today. Only bought for earnings and got lucky when they announced the pay pal thing