After many rumors entered the market regarding a potential acquisition of Pinterest by Paypal, Trust Securities Analyst, Andrew Jeffrey confirmed: “A move to make another online deal, even in social media, just doesn’t make a lot of sense long term” and added that Paypal needs to monetize in the physical world. Last week Paypal offered Pinterest $70 for each share of Pinterest, valuing the company at about $45 billion, a deal that would have been one of the biggest consumer internet takeovers in a decade. The Pinterest stock price soared during the announcement ending the week over 10% higher. However, shares are now down over 11% in pre-open, whilst shares of Paypal were up over 6%.Previous competitive pressures from the e-commerce platform, Shopify pushed Paypal to consider buying Pinterest. Pinterest’s millions of users would have assisted PayPal in meeting its target of doubling its active accounts to 750 million by 2025. But, Merchant Platforms that are already PayPal customers would have looked at Pinterest as a competitor, therefore, leaving any deal carrying execution risks.As previously reported by Bloomberg, Pinterest Co-Founder Evan Sharp announced that he will be stepping down as Chief Creative Officer to join LoveForm, a firm led by Jony Ive. Sharp has overseen the product and design teams for the digital search and sits on the Board of Directors.The news leaves Pinterest at a cross-road and critical juncture, but the firm did not respond to requests for additional comments.Resources: https://www.investing.com/news/stock-market-news/paypal-says-is-not-pursuing-acquisition-of-pinterest-2653600https://www.cnbc.com/2021/10/25/paypal-says-it-is-not-about-to-buy-pinterest.html https://www.bloomberg.com/news/articles/2021-10-14/pinterest-co-founder-and-board-member-evan-sharp-steps-down