Pinterest gains amid takeout speculation with stock drop
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Pinterest (NYSE:PINS)
rose 6.1% after a report earlier speculated that the company could see takeover interest with its shares down about 55% in the past 6 months.
Pinterest could become the target for a potential takeover again after its shares fell 21% in the past month, Dealreporter speculated earlier in its "morning flash" piece, without citing any sources.

The report highlighted PayPal's (NASDAQ:PYPL) interest last year in a potential deal with Pinterest, though PayPal in late October said it wouldn't pursue an acquisition of the art-sharing social media network. The report also mentioned Microsoft's (NASDAQ:MSFT)
reported interest in a Pinterest deal from early last year, though it seems unlikely at this point given MSFT's pending $68B planned acquisition of Activision (NASDAQ:ATVI).
Last week, Pinterest Q4 earnings top estimates, but concerns remain.