In 2017, it celebrated its 70th anniversary with a blockbuster exhibition ‘Under the Skin’, with 3D design by Patricia Urquiola while the following year saw the publication of a monograph, published by Taschen and enclosed in an aluminium engine-inspired case designed by Newson. The Ferrari partnership follows a flurry of high-profile design collaborations by the carmaker. We see some uniquely exciting opportunities of working together.’ They asked not to be identified because the matter is confidential.Terra Carta Design Lab announced by Jony Ive and HRH Prince CharlesĪdd Ive and Newson: ‘As Ferrari owners and collectors, we could not be more excited about collaborating with this extraordinary company, and in particular with the design team, expertly led by Flavio Manzoni. ![]() The sources also warned that no deal was certain and terms could change. ![]() PayPal and Pinterest did not respond to requests for comment. So rather than going against Amazon, PayPal is making a bet on a different kind of shopping model,” said Marketplace Pulse e-commerce analyst Joe Kaziukėnas. “Social/interactive commerce is growing in the United States and no one has won it yet. It acquired return-service provider Happy Returns in May. It bought online coupon finder Honey Science in 2019 for $4 billion and Japanese buy-now-pay-later (BNPL) firm Paidy for $2.7 billion earlier this year. PayPal had been looking to boost its e-commerce offerings in recent years through acquisitions. “The market has valued Pinterest shares more cheaply than those of some younger social media platforms such as Snap Inc (SNAP.N) but higher than more mature companies such as Twitter Inc (TWTR.N),” according to Refinitiv Eikon valuation metrics. It had said it expects revenue growth “mainly through deeper engagement with existing users rather than signing up new ones.” The company was valued at about $13 billion when it went public in 2019.Īs lockdowns eased, Pinterest had started noticing signals of slowing user growth, especially in its largest market, the United States. Pinterest on the other hand also saw its consumer growing as people stuck at home resorted to craft making and DIY project ideas. Its shares have risen about 36% in the last 12 months, giving it a market capitalization of nearly $320 billion. PayPal had witnessed humongous growth during the lockdown imposed due to the pandemic, as most transactions went online given the speed and safety they provided. “(The) combination would be a significant positive for PayPal’s ongoing monetization initiatives on both sides of its merchant and consumer platforms, especially if Pinterest’s social commerce platform gets integrated with Honey’s AI into PayPal’s destination app,” Wedbush analysts wrote in a note. ![]() This acquisition would allow PayPal to capture more of that e-commerce growth and diversify its income through advertising revenue. The deal might have been visioned keeping in mind the increasing number of internet shoppers who buy items they see on social media platforms such as Instagram and TikTok. Sharp founded the online scrapbook and photo-sharing platform in 2010 with Ben Silbermann, who is the San Francisco, California-based company’s chief executive officer, and Paul Sciarra, who left in 2012. Not a while ago Pinterest co-founder Evan Sharp had announced plans to leave the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products. Surpassing Microsoft Corp’s (MSFT.O) $26.2 billion purchase of LinkedIn in 2016, this would be the biggest acquisition of a social media company. The price would represent a 26% premium to Pinterest’s closing price of $55.58 on Tuesday,” according to Bloomberg News. “The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion. PayPal Holdings Inc (PYPL.O) is in talks to buy digital pinboard site Pinterest Inc (PINS.N) for $45 billion, people familiar with the matter said on Wednesday.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |