🟢 PINS is trading 5.7% up today after $1B Elliott investment and $3.5B buyback

PINS is trading at $18.47 (+5.66%) following news of a $1 billion investment from Elliott Investment Management via convertible notes.

• The investment will fund a new $3.5 billion share repurchase program, including a $1 billion accelerated buyback scheduled to begin March 5.
• CEO Bill Ready described the move as a strong endorsement of the company's AI-driven growth potential, helping the stock buck a -1.92% drop in the S&P 500 tied to geopolitical tensions.