Introduction

Paypal issued a statement saying the company isquot not pursuing an acquisition of pinterest at this time. This is in response to reports last week that pay pal was preparing to spend up to forty five billion dollars to buy pinterest. The deal is now off, and shares are reacting accordingly. I think i'm in the minority, because i actually believe the deal would have had some potential. But they are sort of at a cross roads right? So cofounder, evan sharp had recently announced his departure from the company. And also, this last earnings report that we had from pinterest showed some slowdown from a really great coved pull.