Activist investor Elliot takes a $1B stake in Pinterest, betting on AI-driven growth

Elliott Investment Management, an activist investor known for its assertive involvement in company decisions, has taken a $1 billion stake in Pinterest. The firm first invested in the social platform in 2022.Pinterest announced the financial boost on Tuesday, and CEO Bill Ready said he considers this a major vote of confidence that underscores the company’s ambitious AI efforts.  “We delivered record revenue in 2025, with users reaching all-time highs for ten consecutive quarters and more than 80 billion m ...