Why Pinterest Stock Plunged Today
Shares of Pinterest (NYSE: PINS) fell on Monday after PayPal (NASDAQ: PYPL) chose not to pursue a business combination.
As of 3:30 p.m. EDT, Pinterest's stock price was down more than 12%.
PayPal was reportedly in talks to buy Pinterest for as much as $70 per share. The deal would have valued the popular social media platform at roughly $45 billion.
Source Fool.com