He will also continue to serve on Pinterest’s board of directors. Sharp has moved into an advisory role with Pinterest, which will focus on company strategy, product, design, brand and culture. On October 14, Pinterest announced that co-founder Evan Sharp was exiting his full-time role with the company, where he had served as chief design & creative officer, in order to join Jony Ive at his new creative collective, LoveFrom. The company also improved visual search to make more products shoppable from Pins. He worked with the company as chief design and creative officer, and said he'll remain on the company's board and stick around as an adviser. Silbermann is still the company's CEO, while Sciarra left Pinterest a couple years after its founding. Sharp founded Pinterest alongside Ben Silbermann and Paul Sciarra. In April 2020, the company launched a new way to shop on its platform, giving Pinterest users the ability to browse in-stock inventory from newly added “Shop” tabs on Search and on Pinterest boards. Evan Sharp is leaving Pinterest and heading to LoveFrom, Jony Ive's new company. The launch marked the company’s latest initiative to grow online shopping and advertising on its platform. Neither PayPal nor Pinterest responded to requests for comment following the news, and the sources asked to remain anonymous as the discussions were still confidential.Įarlier this month, Pinterest said it was rolling out new features for advertisers and brands to promote their products to users on its site. Photo: courtesy Pinterest Its really about. PayPal’s shares were down by about 4 percent at the same time. Source: Pinterest mastermind departs for Jony Ives new design firm. The news led to an increase of Pinterest’s share price of 10 percent, after having decreased by about 16 percent over the course of this year. The reported $45 billion price for Pinterest would constitute a 26 percent premium on its current market capitalisation. It now has a market capitalisation of about $320 billion. Over the past 18 months the share price of PayPal has increased by more than a third, as many more people turned to its services as a result of the ongoing pandemic. Read: mojaPAY app targeted at the unbanked and underbanked If the transaction is completed, it could be the first of many partnerships between social media and fintech companies in e-commerce, expected to become common place. San Jose, California-based PayPal and Pinterest did not immediately respond to Reuters requests for comment. The sources requested anonymity as the discussions are confidential. According to people familiar with the matter, PayPal has made an offer to buy digital pinboard site Pinterest for $45 billion. (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.
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