$Pinterest, Inc.(PINS)$ released Q2 financial report after close of August 1. Although double miss, it did not plunge as last week's Facebook$Meta Platforms, Inc.(META)$And$Snap Inc(SNAP)$, An important reason is the support of Elliott, a new major shareholder.For Q2 performance Revenue was US $666 million, up 8.6% year-on-year, almost the same as expected; The adjusted EBITDA was US $92 million, down 48% year-on-year, which was worse than the expected US $128 mi
PINS Earnings: Elliott's involvement confirmed!
Pinterest posted disappointing results and gave guidance that missed expectations, but user numbers were better than expected. After the results, activist investor Elliott Management confirmed that it is the company’s top investor, with the stock popping 21% after hours... Thoughts on PINS earnings & Elliott's involvement? Share to win coins!