PayPal Exploring a Purchase of Pinterest, Valuing Social Media Firm at $39 Billion (bloomberg.com) 45
PayPal is exploring an acquisition of social media company Pinterest, Bloomberg News reported on Wednesday. From a report: San Jose, California-based PayPal has recently approached Pinterest about a potential deal, the people said, asking not to be identified because the talks are private. The companies have discussed a potential price of around $70 a share, which would value Pinterest at roughly $39 billion, one of the people said.
This is like Yahoo buying AOL (Score:5, Insightful)
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and focus on not being horrible as a payment transaction platform.
They have stop being that for at least the last couple of years.
Oh? They stopped processing payments?
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They have to spend all their free government money, or it rots. It gives the illusion of a prosperous economy while producing nothing useful
Re:This is like Yahoo buying AOL (Score:4, Funny)
"being horrible as a payment transaction platform" *is* their lane.
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Re:This is like Yahoo buying AOL (Score:5, Insightful)
It boggles the mind that a site which only seems to have as function to spam your Google image search results with useless junk should be worth $39 Billion...
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1) Pinterest spams keywords and/or pays for promotion on search engines
2) Users click on an image and end up in the Pinterest black hole of random shit collected by someone who doesn't realize their personal saved images list is visible to the public.
3) PayPal offers to direct them to the source of the image, for money.
4) Users spend a nominal fee of a few cents to finish their search.
5) Profit!
6) In time Pinterest replaces Bing and Google as the dominant search engine, promising
Platform based on stolen content (Score:4, Insightful)
Re: Not only that. (Score:5, Insightful)
I somewhat wonder just how much of that is from Google image search spam? I personally get annoyed each time I find something that ends up being on Pinterest because it isn't accompanied by anything useful, so I just immediately go back.
If that's what Pinterest counts as active users, then I think they're being dishonest to their shareholders.
Re: Not only that. (Score:5, Insightful)
Search result placement has to be Pinterest's entire business plan. Paypal is stupid or something? I mean 39 BILLION DOLLARS?
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Re: Not only that. (Score:4, Informative)
you can get a firefox and chrome extension to do exactly that, Unpinterested I think
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I have always accomplished this by including the following in my Google query.
-pinterest
Ahh Paypal (Score:3)
I think there is a competition with what is left of Yahoo to see how much money they can throw buying other companies, only to destroy them.
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PayPal was never part of Yahoo
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I think you misunderstood him.
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Good. Pinterest does nothing but clog up image search results.
Pinterest value proposition? (Score:2)
how does Pinterest make money?
if they get a penny for every cluttering, worthless search result then yes, they're worth billions
Re:Pinterest value proposition? (Score:5, Interesting)
Pinterest is a cancer on the internet. (Score:2)
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ya, I usually wait for the first dump of results then many times I'll have to do the same but also add -amazon for similar reasons
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-pinterest is my defalt suffix to all Google searches
Yes, there is even an add-on for this called unpinterested.
https://addons.mozilla.org/en-... [mozilla.org]
Re:Pinterest value proposition? (Score:4, Insightful)
Its the silicon valley way:
In all seriousness though, probably they use referral codes on links. One imagines they might pitch the idea of using machine learning to identify products in images to go even further in referral linking.
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https://www.garyfox.co/faang-s... [garyfox.co]
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how does Pinterest make money?
Targeted user ads and click-to-buy shopping ads that direct users to hundreds of retail partners to buy an item they just saw or that the user 'pinned" (i.e. saved) for later.
PayPal could step in as the payment wallet for those Pinterest shoppers. No need to create a user account, enter your personal info or payment details when you're at the retailers site. Just click and buy.
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I fucking hate Pinterest. I somehow can never get to the actual picture or product, instead I am presented with pages over pages of similar results”, each doing the same thing, over and over again.
Hopefully, PayPal will buy and bury Pinterest for good.
Yeah, lots of synergy there (Score:4, Funny)
Paypal: We've got money and users
Pinterest: we have money and users
Paypal: let's combine our money and users!
Pinterest: synergy!
39 billion (Score:1)
Just a little less than two weeks of bailout money...
Oh well, get it while you can
Hey, I know that (Score:5, Interesting)
It's in my standard search URL: "-pinterest"
My God... How Deep Does the Well Go? (Score:3)
Seems like the entire business world must be spending money exclusively on advertising!
Huh? (Score:2)
What do these companies have in common besides a name that starts with P?
Next up : Paypal allows paying with pictures (Score:2)
What is it that PayPal is thinking of doing with a Google Image Search ripp-off that scavenges the entire internet for pictures and shows them as if they were Pinterests intellectual property?
It is a scheme (Score:2)