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.

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Source Fool.com