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Why Pinterest Stock Slipped on Thursday

TheMotleyFool

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Shares of visual search and media platform specialist Pinterest (NYSE: PINS) slipped on Thursday, declining as much as 3.2%. By the time the market closed, the stock was down about 2%.

The growth stock's decline came after shares surged on Thursday following reports that PayPal (NASDAQ: PYPL) may have been considering buying Pinterest. Pinterest's decline on Thursday, therefore, likely reflects the stock cooling off as investors wonder whether the rumor will pan out or not. Furthermore, there are concerns that recent weakness in PayPal stock since the buyout rumor started spreading could threaten the deal.

Image source: Getty Images.

Source Fool.com

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