#Pinterest sharp jony lovefrom series#

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PayPal signed a $4 billion deal to buy online coupon finder Honey Science in 2019 and last month ironed out a $2.7 billon deal to buy Paidy, a Japanese buy-now-pay-later site, Reuters noted.

#Pinterest sharp jony lovefrom series#

The reports also come as PayPal increases its place in online shopping through a series of acquisitions. Pinterest said last Thursday that Sharp is joining LoveFrom, a firm owned by designer Jony Ive. Sharp is joining a small but growing team of designers at LoveFrom, which Ive launched after leaving his longstanding role as AppleвЂ™s top designer in 2019. News of the acquisition comes a week after Pinterest announced that Evan Sharp, its co-founder and Chief Design & Creative Officer, will be transitioning to an advisory role for the company. PinterestвЂ™s co-founder and design chief Evan Sharp is stepping back from operational duties at the San Francisco-based social media group to join Sir Jony IveвЂ™s new company LoveFrom. PayPalвЂ™s stock, on the other hand, declined over 6 percent. Pinterest Inc said on Thursday co-founder Evan Sharp is leaving the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products.Sharp built Pinterests original platform and oversaw its rapid growth in the past decade, and most recently served as the companys chief design and creative officer. PinterestвЂ™s stock gained 12 percent as of Wednesday afternoon amid BloombergвЂ™s report, according to CNBC. The Hill has reached out to PayPal for comment. Pinterest Inc said on Thursday co-founder Evan Sharp is leaving the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple. Pinterest had no comment when reached by The Hill.

This would be a 26 percent premium to the social media companyвЂ™s closing price on Tuesday, which was $55.58 per share.

Reuters later reported that PayPal made an offer to buy Pinterest for $45 billion. PayPal is exploring purchasing social media company Pinterest, according to multiple reports.Д«loomberg News, which first reported the discussions, statedВ that the companies discussedВ an acquisition at around $70 a share, valuing Pinterest at about $39 billion, the outlet reported.