Leading payment company PayPal Holdings Inc. is exploring to acquire the social media platform Pinterest.
That said, its highly profitable for PayPal in the longer run.
If Paypal ends up purchasing Pinterest, we could witness more tie-ups between financial technology and social media companies.
Over the past few years, Paypal has been exploring several e-commerce platforms as well.
Although on Wednesday, PayPals shares were down about 3.5%.
On the other hand, Pinterests shares were up over 10% at $61.55.
source: www.techworm.net
