Technology
Shares in Pinterest jumped 13% Wednesday after PayPal’s interest in acquiring it became public. Investors were less enthusiastic about PayPal when the potential deal broke, sending its shares down 4.9%. Pinterest is primed to benefit from that growth. Some 80% of its users have discovered a new brand or product on Pinterest, and 45% of people in the U.S. with an annual household income greater than $100,000 are on the platform, the company has said.Photo:Lynn Mumbing Mejia, a 25-year-old blogger in British Columbia, was browsing Pinterest recently for winter-holiday gift and decoration ideas when a post featuring a $70 manicure kit caught her eye. “I ended up buying it for myself,” she said.
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