Pinterest shares soar after report that Elliott Management has acquired a 9% stake

Pinterest shares jumped over 20% in extended trading on Thursday after

that Elliott Management has accumulated a stake of over 9% in the company.

Elliott, known for its activist investments, has been discussing unspecified matters with Pinterest for the past several weeks and told the company it’s now the largest shareholder, the Journal reported, citing unnamed sources.  

Prior to the after-hours pop,…