Is Google Really Trying to Buy Pinterest?
Google's parent company Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) may be considering an acquisition of image-browsing platform Pinterest (NYSE: PINS). And that's because Pinterest possesses something extremely valuable that Alphabet would definitely like to have in a changing advertising economy.
Don't be fooled by a stock price that's down more than 70% from its all-time high. Here's the case for Pinterest and its potential suitor.
Alphabet CEO Sundar Pichai spoke at the Code Conference earlier this month. He talked about many things going on with the company, including developments in the advertising market and concerns over artificial intelligence. Late in the talk, however, the interviewer turned the conversation toward mergers and acquisitions (M&A).
Source Fool.com
