Anyone know if this is good or bad for Pinterest? I have an on-site soon. Tc: š„ with snap stock in a ditch https://www.reuters.com/business/media-telecom/activist-investor-elliott-has-built-stake-over-9-pinterest-wsj-2022-07-14/ #pinterest
Haha š he is a vulture investor. Will break Pinterest for sure
Whatās he gonna do? Bombard with fotos ?
Lol Elliot management increases stake and then does layoff They are invested in Twitter too It will eventually force them to get acquired
They did this at Citrix and Dropbox too
But founder of Pinterest does own most of the voting stake so who knows
Well now Iām nervous to continue my interview process, I donāt want to get Coinbased
Extremely unlikely Pins would ever rescind. They'll either not hire you or you'll get severance as much as a year's work at Deloitte
@pinbread Do we get very generous severances?
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Wasnāt great when he did this at EBay and Twitter
Oh shoot. Do you want to elaborate some more? I am not aware of those changes.
He fires CEOs and breaks up companies but in the end returns value to investors (not employees). Usually when he gets involved itās a sign the company is in a weak position and underperforming.