Pinterest Stock Price Today: Shares Slide Despite Elliott Backing as Ad Fears Return
Pinterest shares dropped 6.6% to $18.09 Thursday as oil prices surged and broader markets fell. The company faces ongoing doubts about retailer ad demand despite a recent $1 billion investment from Elliott Investment Management via convertible notes and a planned $3.5 billion buyback. Snap and Meta also declined. Pinterest’s shopping push has not eased concerns over ad revenue weakness.