PayPal issued a statement saying it “is not pursuing an acquisition of Pinterest at this time,” apparently ending its consideration of the acquisition. Last week several media outlets had reported that PayPal was exploring a deal that would have cost somewhere north of $40 billion. Pinterest stock immediately jumped 13% but PayPal stock slid 11% over several days, a sign that investors did not...
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‘Winner-Take-Most’: Anthony Noto’s Ambitions for SoFi Take Shape
Anthony Noto has long had a knack for grabbing attention. When he was a top executive at Twitter, Noto struck a deal with the NFL to air Thursday night games, thrusting the social media service into the streaming market, to the surprise of even many Twitter employees, according to people who worked there at the time. More recently, SoFi Technologies, the financial services company Noto leads as...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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