Pinterest shares jumped more than 15% in premarket trading after the Wall Street Journal reported that activist investor Elliott Management has acquired a stake in the struggling social-media company.
The news follows a shake-up at Pinterest last month, when co-founder and CEO Ben Silbermann handed the reins to Google and PayPal veteran Bill Ready. The San Francisco-based company, which lets users create virtual scrapbooks, has been trying to expand further into e-commerce. Pinterest had enjoyed a surge in growth during the early days of Covid-19, when locked-down consumers turned to the service. But like other pandemic darlings such as Peloton Technology , Pinterest suffered a slowdown in recent months. Its shares are down in a steeper drop than broader technology indexes.
I’m honored to invest and withdraw without stress I got my 70k all through Mike_Rosehart I urge everyone to invest with this man Philip he’s the best I can recommend 😊 Great! No hidden fees They have good brokerage
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pinterest shares jump on report of activist investor Elliott Management stake acquisitionElliott has built a stake of more than 9%, making it the company’s biggest investor, the Wall Street Journal reported
Source: BDliveSA - 🏆 12. / 63 Read more »
Implats again pushes back timing on RBPlat acquisition amid Northam interventionThe precious metals group now expects its offer to close on September 16, having guided August 5 previously
Source: BDliveSA - 🏆 12. / 63 Read more »