Wall Street

Pinterest Stock Soars On Report Of Activist Elliott Management Stake

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By Martin Baccardax Activist hedge fund Elliott Management has amassed a stake of more than 9% in Pinterest, the Wall Street Journal reported late Thursday, and his holding talks with the group’s new executive team. Pinterest (PINS) – Get Pinterest Inc. Class A Report shares surged higher Friday after the Wall Street Journal reported that activist investors Elliott Management have amassed a more than 9% stake in the social media group. The Journal said Elliot, which is now the company’s biggest shareholder, has engaged in talks with its new management over the previous weeks, although details …

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