Pinterest Reportedly in Talks to Buy Photo App VSCO : vimars

Pinterest Reportedly in Talks to Buy Photo App VSCO


Pinterest  (
PINS) - Get Report shares rose after a report said the image-sharing social media platform was in discussions to buy VSCO (Visual Supply Company), a photography app popular with teens.
Two knowledgeable sources gave that information to The New York Times. They didn’t specify a value for the transaction. VSCO has garnered $90 million in funding and was last valued at $550 million, according to the Times.
Pinterest was at $79.50, up 2.28%, in premarket trading Monday. The stock has soared 77% over the last six months as consumers have turned heavily to social media during the COVID pandemic.
Julie Inouye, a spokeswoman for VSCO, told the Times that the company was focused on expanding its business. 

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