Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.

Activist Investor Elliott Investment Management has taken a $1 billion stake in Pinterest.

Elliott Investment Management is investing $1 billion in Pinterest to support its share buyback efforts. Following the announcement, Pinterest's shares surged by nearly 8%. Details here.

Pinterest's stock has plummeted this year as the social media company grapples with slowing growth and advertising competition.

Pinterest said Tuesday that investment firm Elliott Management would invest $1 billion in the online scrapbooking app to help fund its efforts to buy back shares. The investment is part of a new $3.5 ...

March ⁠3 (Reuters) - ⁠Pinterest ⁠said ​on ‌Tuesday ‌activist ⁠investing firm ⁠Elliott ​Investment ​Management is ⁠investing $1 ⁠billion ⁠in ​the ​company.

Elliott Investment Management has taken a $1 billion stake in Pinterest, reinforcing its involvement in the social media ...

The ASR and future share repurchases will be conducted under a new $3.5 billion share repurchase program authorized by Pinterest's Board of Directors, effective today. In addition to the ASR, ...

Pinterest Inc (NYSE:PINS) shares surged 9.5% in premarket trading on Tuesday after the image-sharing platform announced that Elliott Investment Management, one of the world's most prominent activist ...

Elliott Investment Management has invested $1 billion in Pinterest, backing the social platform's ambitious AI-driven growth strategy despite recent challenges.

Pinterest stock (NYSE: PINS) jumped as much as 10% in pre-market trading on Tuesday after Elliott Investment Management ...

March 3 (Reuters) - Pinterest said activist investor Elliott will buy fresh equity worth $1 billion that would help fund a new $3.5 billion share buyback, in a vote of confidence for the image-sharing ...