Pinterest's stock has plummeted this year as the social media company grapples with slowing growth and advertising competition.
Activist Investor Elliott Investment Management has taken a $1 billion stake in Pinterest.
The social media stock has been a terrible performer over the past year.
With Elliott Investment Management placing a $1 billion bet on Pinterest, the beaten-down stock may deserve a closer look from investors.
"Looking ahead to Q1, we expect these headwinds will continue and may become slightly more pronounced," CFO Julia Donnelly told analysts on Thursday.
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Pinterest, Inc. (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 ...
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