Pinterest

Shares of Pinterest spiked in premarket trading Friday after a report that Elliott Management, which holds a more than 9% stake, is in talks with the company.

Pinterest revealed Tuesday that CEO Ben Silbermann would be stepping down and that Google commerce executive Bill Ready would be taking his place.

The potential deal could value Pinterest at approximately $45 billion

Pinterest announced its global offices would be closed on Friday to allow employees to “hit the reset button,” marking the latest instance of a firm giving staffers time off to address burnout during the coronavirus pandemic.

Pinterest generates revenue by placing advertisements next to the Pins, or posts, uploaded on the site by users

The pandemic has been positive for Pinterest.

Pinterest Inc beat Wall Street estimates for third-quarter revenue on Wednesday, helped by a rebound in spending on advertisement by businesses after a deep slump in the early months of the COVID-19 pandemic.

While Halloween is a time for self expression, Pinterest is making sure that people remain culturally appropriate while doing so.  

Pinterest has seen a surge in downloads since Apple released its iOS 14 update.

Pinterest workers are staging a virtual walkout after former COO Françoise Brougher filed a lawsuit on Tuesday accusing the company of gender discrimination.

Pinterest on Friday said its second-quarter loss narrowed as more people spend time at home amid the coronavirus pandemic.

These five social media companies made more than a billion dollars in 2019.