BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on October 22, 2024, indicating a significant ownership stake in Pinterest, Inc. According to the filing, BlackRock now beneficially owns 46,967,096 shares of Pinterest's common stock, which represents 7.8% of the company's class of securities. This filing, required under the Securities Exchange Act of 1934, is a routine disclosure for entities that have acquired more than 5% of a company's stock. The document clarifies that BlackRock holds sole dispositive power over the shares and that the investment was made in the ordinary course of business, not with the intention of changing or influencing the control of Pinterest. The filing also lists various subsidiaries of BlackRock that may own a significant portion of the shares.

BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on October 22, 2024, indicating a significant ownership stake in Pinterest, Inc. According to the filing, BlackRock now beneficially owns 46,967,096 shares of Pinterest's common stock, which represents 7.8% of the company's class of securities. This filing, required under the Securities Exchange Act of 1934, is a routine disclosure for entities that have acquired more than 5% of a company's stock. The document clarifies that BlackRock holds sole dispositive power over the shares and that the investment was made in the ordinary course of business, not with the intention of changing or influencing the control of Pinterest. The filing also lists various subsidiaries of BlackRock that may own a significant portion of the shares.