Pinterest Stalked by Activist Investor Elliott Management

Pinterest stock jumped to 20.25 +2.69 or +15.3% after the WSJ reported that activist Elliott Management Corp. has built a stake of over 9% in the company to become the biggest investor in PINS. The once hot social-media company that Paypal had eyes on much higher, though $PYPL backed out after the payments company’s shareholders balked. Now like many social media companies it has a decline in users and faces other challenges from a collapsing stock market and economy. Elliott has been in … Continue reading “Pinterest Stalked by Activist Investor Elliott Management”