Thursday, 11/02/2021; Nikos Kaimakamis
An important revelation was made by the Financial Times, reporting that Microsoft has shown interest in acquiring Pinterest. According to the report, the negotiations have not progressed.
It is worth noting that this deal between Microsoft and Pinterest is quite large, since the value of Pinterest is estimated at $ 51 billion. Part of that value comes from the fact that Pinterest now numbers 459 million users during the fourth quarter of 2020, recording an increase of 37%.
When a social network manages to add about every year 100 million users, it makes sense to attract the interest of Microsoft-level tech giants. The way Pinterest derives its profitability is with placing ads next to Pins and other user posts.
Both Microsoft and Pinterest have not commented on the deal.
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Source: Techblog by techblog.gr.
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