Activist investor Elliott takes a $1B stake in Pinterest, betting on AI-driven growth

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Tilmeldt: tirs sep 22, 2020 3:13 pm

Activist investor Elliott takes a $1B stake in Pinterest, betting on AI-driven growth

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The news comes as Pinterest has faced serious headwinds. Shares tumbled over the past year, with disappointing earnings, layoffs affecting 15% of its workforce, a declining ad business, and increased rivalry from AI chatbots.

Source: https://techcrunch.com/2026/03/03/activ ... en-growth/
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