Pinterest (PINS) Soars 9% on New $1-Billion Investment

Group 1 - Pinterest Inc. experienced a significant stock increase of 9.27%, closing at $19.10, following the announcement of a $1 billion investment by Elliott Investment Management LP [1][2]. - The investment will be utilized for a share repurchase program, which totals $3.5 billion, aimed at buying back Class A common shares [2]. - Additionally, Pinterest plans to repurchase another $500 million in shares from cash reserves, contingent on market conditions and management discretion [3]. Group 2 - Pinterest reported record revenue in 2025, with user engagement reaching all-time highs and over 80 billion monthly searches, highlighting the company's innovation in visual search technology [4]. - The CEO of Pinterest expressed confidence in the partnership with Elliott, viewing the investment as a strong endorsement of the company's growth potential [4]. - The company believes its current share price does not reflect its business strength and long-term growth opportunities [5].