Why Pinterest Stock Is Up Big This Week

·2 min read
Why Pinterest Stock Is Up Big This Week

Shares of Pinterest (NYSE: PINS) shot higher on Wednesday when rumors surfaced regarding a potential buyout. According to various reports, PayPal Holdings is in talks to acquire the social media company at a valuation of $45 billion, or roughly $70 per share. While no official announcements have been made, Pinterest's stock price was still up 13.9% this week as of 9:45 a.m. EDT on Friday, according to data provided by S&P Global Market Intelligence.

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