If today was designed to be Apple’s crack at publicly rebranding itself as a services company, the result was decidedly uneven. The two less-heralded rollouts, Apple’s new credit card in partnership with Goldman Sachs and its subscription games service, looked promising. But the presentation of its two most-publicized releases—a subscription news app called Apple News+ and a revamped TV app with...
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PayPal Investors Ask for Refund on Pinterest Talks
We got a very clear sense of what investors think of the prospect that PayPal might buy Pinterest from how the two stocks reacted to news of deal talks between the companies, first reported by Bloomberg. PayPal stock dropped nearly 5%, slicing about $15 billion off the digital payment company’s market capitalization. Pinterest shares, conversely, rocketed 13%—adding $4.6 billion to the company’...
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PayPal Exploring Pinterest Acquisition
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