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Tech Brew Ride Home

Thu. 10/21 – PayPal To Buy Pinterest? Why?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 21 October 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

PayPal wants to buy Pinterest and everybody is trying to figure out why. Devs, you can now begin testing Android apps on Windows 11. Gamers, you can now do some powerful gaming for the low, low price of $100 a month. Some, just, spectacularly monster raises in the crypto space. And I get talked out of the Microsoft Surface Duo again. Sponsors: FindYourFidelity.com Dataiku.com Links: PayPal Is Exploring a Purchase of Pinterest (Bloomberg) Plaid Pushes Into Payments Business After Scuttled Visa Deal (WSJ) Microsoft now lets you test Android apps on Windows 11 (The Verge) A first look at Microsoft’s new Windows 11 Android apps support (The Verge) Nvidia Supercharges GeForce Now Cloud Gaming Service With RTX 3080 GPUs (Gizmodo) Sam Bankman-Fried’s FTX Crypto Exchange Adds $7 Billion of Value in Three Months (Bloomberg) Fanatics’ NFT company is worth $1.5 billion, and NFL legend Peyton Manning now owns a stake (CNBC) Meet the New Owners of the Wu-Tang Clan’s One-of-a-Kind Album (NYTimes) MICROSOFT SURFACE DUO 2 REVIEW: DUO-OVER OR STRIKE TWO? (The Verge) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Name Right Home for Thursday, October 21st, 2021.

0:07.7

I'm Brian McCullough today.

0:09.3

Paypal wants to buy Pinterest and everybody is trying to figure out why.

0:13.7

Devs, you can now begin testing Android apps on Windows 11.

0:17.5

Gamers, you can now do some powerful gaming for the low-low price of $100 a month, some just spectacularly monster raises in the

0:25.9

cryptos face and I get talked out of the Microsoft Surface Duo once again.

0:31.2

Here's what you miss today in the world of tech.

0:35.0

Sources are telling Bloomberg that PayPal has approached Pinterest

0:41.0

about an acquisition, potentially valuing it in the $45 billion range.

0:46.0

Pinterest stock had dropped 16% over the course of this year, but was up 10% yesterday on the news. Notably, Paypal's stock was down so their

0:57.0

investors don't seem to like this news, quoting Bloomberg. A deal for

1:01.8

Pinterest would be PayPal's biggest ever acquisition, topping

1:05.0

its $4 billion purchase of Price Comparison App Honey Science Corp last year.

1:11.0

Under Chief Executive Officer Dan Schulman, the company has set its sights on becoming a one-stop-shop

1:16.1

for all things shopping and finance akin to China's Oly Pay or We Chat.

1:21.0

Paypal plans to add a bevy of new services to its revamped app

1:24.6

including high-yield savings accounts, check cashing services, and stock investing

1:29.1

capabilities. At roughly $45 billion, an announced deal would push 2021 over the line to become the busiest

1:36.2

ever year for mergers and acquisitions topping 2007's record tally.

1:40.6

A boom in online shopping has helped PayPal stock more than double since the start of the year,

1:45.0

giving the company a strong currency it could use for acquisitions.

1:49.0

The shares fell 4.9% on Wednesday, valuing PayPal at about $304 billion.

...

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