Recently Elliott has once again resumed its shareholder activism this time with two very interesting companies.
$PINS a business I have wanted to see get acquired for some time has had a rather large stake bought by Elliott.
This comes not too long after long time Founder/CEO announced he was stepping down and former Google employee Ben Ready would be taking his place in hopes of driving e-commerce growth.
While I am sure Elliott has the expertise to help Pinterest form an effective plan I think the activist investor has a different plan.
Elliott also disclosed a stake in $PYPL yesterday. While the official story is Elliott wanting to help cut costs I think, again, there is a different story here.
Back in October Paypal said they were in talks to acquire the platform. These talks fizzled out quite quickly and no deal was reached.
I definitely don't think Elliott would take rather large positions in these two companies in particular without some sort of ulterior plan.
Of course, I could be, and probably am, crazy and Elliott really does just want to help both of these stellar companies get even stronger, even if it is separately.
Still interesting its these two companies at the same time.