Activist hedge fund Elliott Investment Management is buying $1 billion in new shares of Pinterest, making it likely the company’s largest shareholder, the image-sharing platform announced Tuesday.
Pinterest (PINS) shares tumbled 18% on Wednesday after the company issued a downbeat forecast, heightening investor fears that the image-sharing platform is struggling to find new growth opportunities amid tariff pressures and fierce competition from larger rivals, News.Az reports, citing Reuters.
03 Mar 2026-17:18
05 Nov 2025-15:18
