Pinterest stock pops 19% on activist investor increasing stake: report

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Pinterest stock pops 19% on activist investor increasing stake: report
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Pinterest stock jumps 20% after hours on report of Elliott Management stake

Pinterest Inc.'s stock PINS, -4.62% popped 19% in extended trading Thursday following a report that activist investor Elliott Management Corp.

has built a stake of more than 9% in the social-media company. The investment could make Elliott the biggest stakeholder in Pinterest, according to the Wall Street Journal report. Pinterest was not immediately available for comment.

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