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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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
La source: BDliveSA - 🏆 12. / 63 Lire la suite »