Pinterest, Inc.

PINS

US72352L1061

Internet Services

Market Closed - Nyse Other stock markets 01:33:35 12/03/2026 am IST			5-day change	1st Jan Change
19.38 ^USD	+0.05%		+1.47%	-25.14%

09/03	Investors Confront Stagflation Risk
09/03	Analyst recommendations: Dow, Jefferies, Paramount, Snap, Oracle…

Activist Elliott Invests $1 Billion in Pinterest

Published on 03/03/2026 at 06:03 pm IST - Modified on 03/03/2026 at 06:54 pm IST

Dow Jones

PINTEREST, INC.

+0.05%

By Nicholas G. Miller

Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.

Elliott will buy $1 billion in convertible senior notes with an initial conversion price of $22.72 a share. The price represents a 30% premium to the stock's closing price as of Monday.

The $1 billion in accelerated share repurchases will be part of a new $3.5 billion share-buyback program that the company's board has authorized.

"We have been steadfast supporters of Pinterest since we first invested in 2022, and have strong conviction in the company's trajectory," said Marc Steinberg, partner at Elliott and a member of Pinterest's board.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

03-03-26 0728ET

Latest news about Pinterest, Inc.

09/03	Investors Confront Stagflation Risk
09/03	Analyst recommendations: Dow, Jefferies, Paramount, Snap, Oracle…
05/03	Pinterest, Inc. announced that it has received $1 billion in funding from Elliott Investment Management L.P.	CI
05/03	PRESS DIGEST-Wall Street Journal - March 5	RE
04/03	Tech Down on Fed Fears - Tech Roundup	DJ
04/03	Tranche Update on Pinterest, Inc.'s Equity Buyback Plan announced on November 7, 2024.	CI
04/03	Pinterest, Inc. announces an Equity Buyback for $3,500 million worth of its shares.	CI
03/03	Pinterest Announces $1 Billion Investment From Elliott; Shares Rally	MT
03/03	Amazon Weighs Helping Other Apps Sell Chatbot Ads	MT
03/03	Analyst recommendations: Amazon, Paramount, Pinterest, Cigna, Tesla…
03/03	Elliott invests $1bn in Pinterest via convertible notes
03/03	From Calm to Caution
03/03	Pinterest under investment agreement with Elliott, Marc Steinberg to continue to serve on board through 2026 annual meeting	RE
03/03	Activist investor Elliott boosts stake in Pinterest by $1 billion	RE
03/03	Pinterest Shares Rise Pre-Bell After $1 Billion Investment From Elliott Investment Management Affiliates Announced	MT

Chart Pinterest, Inc.

Duration

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PINS: Dynamic Chart

Company Profile

Pinterest, Inc. (Pinterest) offers visual search and discovery platform. The Companyâ€™s primary service, Pinterest, can be accessed through its mobile application or the Web. People use Pinterest to find ideas. As they browse Pinterest content, Pins, they fine-tune their tastes and find the idea. Users interact with the platform in multi-session journeys to find inspiration, curate their latest look, plan their next project and shop from brands. It has approximately 553 million monthly active users across the world. Content on Pinterest comes from a variety of sources, including retailers, brands, creators, publishers and users. It acquires that content via a range of methods, including product catalog uploads, direct publishing, and user curation. Content formats include images that allow the user to click into an idea to learn more, videos that provide the steps of an idea, and products that brands and merchants upload from catalogs.

Employees

5,265

Sector

Internet Services

More about the company