PayPal in $45 bln bid for Pinterest

https://www.bloomberg.com/news/articles/2021-10-20/paypal-said-to-explore-purchase-of-social-media-firm-pinterest
With the news like this people could make an informed decision of the price movement both for Paypal and Pinterest.
Some people have speculated already as reflected in the share price movement now even before the bid is approved.

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This is great news! I sold out of PayPal a while ago and look forward to reentering it when some reversal trends start

Surely the company has to release an official statement that it has been approached?

They have both denied it

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