Blockonomi

Pinterest (PINS) Stock Climbs After Elliott Management Commits $1B in Fresh Capital

Pinterest (PINS) stock gains as Elliott Investment Management invests $1B, enabling accelerated buybacks under a new $3.5B share repurchase program.
TMCnet

Pinterest Announces $1 Billion Strategic Investment from Elliott and $2 Billion of Near-Term Share Repurchases

(NYSE: PINS) ("Pinterest" or the "Company") today announced that affiliates of Elliott Investment Management, L.P. ("Elliott"), are investing $1.0 billion in Pinterest. Pinterest expects to use the ...
The Information

Pinterest’s Elliott-Funded Share Buyback Is a Sign of the Times

Let’s take a moment to reflect on the benefits of share buybacks. That might sound like a wonky concept, but it’s important.

Pinterest stock pops 10%: is Elliott’s $1B bet fueling bigger run?

Pinterest stock (NYSE: PINS) jumped as much as 10% in pre-market trading on Tuesday after Elliott Investment Management ...

Pinterest’s stock is rising. Here’s why investors are cheering a big boost to the buyback program.

Pinterest’s new share-repurchase authorization represents nearly a third of the company’s market cap and signals to one analyst that an activist is satisfied with the company’s strategic vision.

Activist investor Elliott boosts stake in Pinterest by $1 billion

March 3 (Reuters) - Pinterest said activist investor Elliott will buy fresh equity worth $1 billion that would help fund a new $3.5 billion share buyback, in a vote of confidence for the image-sharing ...