Pinterest (NYSE: PINS) took investors on a wild ride in late October amid rumors that PayPal (NASDAQ: PYPL) wanted to buy the social media company for roughly $45 billion, or approximately $70 per share.
Pinterest's stock skyrocketed on the news, but it quickly gave up those gains after PayPal said it wasn't interested. Pinterest also scheduled its third-quarter earnings report for Nov. 4, which indicated the company wasn't expecting to be bought out anytime soon.
Image source: Pinterest.
Source Fool.com