WeChat fulfils a variety of social media and online payment functions for Chinese users, and PayPal evidently wishes to fulfil the same ‘super app’ role for Western smartphone users. On October 14, 2021, Pinterest announced that Sharp would leave his post as a Chief appearance & Creative Officer at the company to join Jony Ives LoveFrom. After his last day today, October 14, 2021, Sharp will move into an advisory role with Pinterest which will focus on company strategy, product, design, brand and culture. Just recently, the company acquired Japanese ‘buy now, pay later’ company Paidy for $2.7 billion.Īs the Financial Times points out, PayPal appears to be looking to China’s giant WeChat platform for inspiration for its current acquisition strategy. Pinterest has announced co-founder Evan Sharp is exiting his full-time role with the company, where he's served as chief design & creative officer, in order to join Jony Ive at his new creative collective, LoveFrom. PayPal has been looking to diversify in recent times. Pinterest finally added this integrated social commerce feature in 2015, five years after its founding, and this is evidently where PayPal’s interest lies.
Tied into this is the ability for Pinterest’s 450 million users to click through and purchase the items that they discover through the app. Sharp built Pinterest’s original platform and oversaw its rapid growth in the past decade, and most recently served. Pinterest is a visual discovery engine that uses a pinboard-like approach to enable users to gain and share inspiration for fresh styles, home improvement tips, new recipes, and the like. Oct 14 (Reuters) - Pinterest Inc said on Thursday co-founder Evan Sharp is leaving the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products. The move, if completed, would see PayPal moving into a new area of social commerce. The online payment company is said to be using its high share price to fund the acquisition. after Pinterest co-founder Evan Sharp announced plans to leave the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple. Co-founder, Chief Design & Creative Officer at Pinterest Evan Sharp, steps down from the full-time role to join Sir Jony Ives design firm LoveFrom. Online payment giant PayPal is reportedly circling around visual discovery social media platform Pinterest, with reports of a potential big-money buy out in the works.Īccording to Bloomberg, PayPal made a bid to buy Pinterest on Wednesday in what could turn out to be a $45 billion deal. Pinterest Inc said on Thursday co-founder Evan Sharp is leaving the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products. Oct 14 (Reuters) - Pinterest Inc PINS.
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