Elliott puts sights on Pinterest

Activist Investor Elliott Management Corp. has taken a large stake in Pinterest According to people familiar with the matter, as the once so-called social media company is struggling with declining users and other challenges.

Elliott has told the company that it is the largest investor in Pinterest, having built an ownership stake of more than 9% in recent months – partly in shares, said one of the people. The activist has been in discussions with Pinterest in recent weeks. It could not be learned what they have discussed.

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