Activist investor Elliott takes a $1B stake in Pinterest, betting on AI-driven growth | TechCrunch
TechCrunch
by Lauren ForristalMarch 3, 2026
The news comes as Pinterest has faced serious headwinds. Shares tumbled over the past year, with disappointing earnings, layoffs affecting 15% of its workforce, a declining ad business, and increased rivalry from AI chatbots.
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Originally published on TechCrunch on 3/3/2026