Pinterest stock jumps as Elliott puts $1 billion behind a new $3.5 billion buyback
Pinterest on Tuesday announced a $1 billion strategic investment deal with activist investor Elliott Investment Management, while also rolling out a newly authorized $3.5 billion share repurchase program. The company expects to carry out roughly $2 billion in buybacks during the first half of 2026, splitting that between a $1 billion accelerated repurchase and additional buys on the open market.