March 3 : Pinterest said on Tuesday Elliott Investment Management is buying fresh equity worth $1 billion in the image-sharing platform, putting the hedge fund on track to become the company's largest shareholder. Shares of Pinterest surged nearly 9 per cent in premarket trading, after it also announced a new $3.5 billion share repurchase program. Pinterest said it would use proceeds from Elliott's investment to buy back shares under the new plan. Elliott, one of the world's most prominent

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