According to people familiar with the matter, Microsoft has approached pinterest, the world's largest visual social networking site, in recent months to discuss the possibility of acquiring the $51 billion company. But people familiar with the matter said the talks between the two sides had stopped.Pinterest also benefited from the general shift to virtual interaction during the new crown pandemic, which increased the participation of social media platforms.
In the fourth quarter of last year, the site's monthly active users grew by 37% to 459 million. The company said it added a record 100 million monthly active users in 2020.
Pinterest's share price is now more than seven times higher than its march low.