Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Pinterest Stock Popped Today

TheMotleyFool

0 0

Why Pinterest Stock Popped TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Pinterest (NYSE: PINS) climbed 7.3% on Thursday on reports that it had held talks with Microsoft (NASDAQ: MSFT) regarding a potential acquisition.

Microsoft approached Pinterest about a possible deal, according to The Financial Times, though the talks are reportedly no longer active. Pinterest's stock price is up 32% so far in 2021 and 258% over the past year, which likely made it difficult for the two companies to agree on a price. Critics have slammed Microsoft for overpaying for acquisitions in the past, and the tech giant does not want to repeat those mistakes.

Microsoft was reportedly tempted by Pinterest's surging user growth. Image source: Getty Images.

Source Fool.com

Like: 0

PINS

Share