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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The Briefing Crypto Electric Vehicles
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Has there ever been a more aptly named entrepreneur than Sam Bankman-Fried? Not only is his FTX turning out to be a lender of last resort for crypto lenders such as BlockFi and Voyager Digital, both of which are caught up in a chain reaction of missed margin calls triggered by the crypto slide, but it could also emerge as a savior for Robinhood. That at least is according to this Bloomberg...
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