omdok
No Result
View All Result
Monday, August 8, 2022
  • Login
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Tech
  • Real Estate
Subscribe
omdok
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
omdok
No Result
View All Result
Home Tech

Pinterest pins stock, Ben Silbermann bill ready wife age bio wiki net worth

June 29, 2022
in Tech
149 7
Ben Silbermann, one of the people who started Pinterest and is now its CEO, at the New York Stock Exchange in 2019.

Ben Silbermann, one of the people who started Pinterest and is now its CEO, at the New York Stock Exchange in 2019.

31
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

Ben Silbermann gives up his job as CEO of Pinterest.

He helped the company grow into a place where 431 million people, mostly women, save and share ideas for shopping, hobbies, and recipes.

Ben Silbermann, one of the founders and CEOs of Pinterest, stepped down from the top job on Tuesday. He had been in charge of the digital pinboard service for more than a decade and had taken it public during that time.

Pinterest did not say why the change was made. The 39-year-old Mr. Silbermann will become executive chairman. Bill Ready, who has run parts of PayPal and Google, has been named the new CEO of Pinterest.

Mr. Silbermann helped start Pinterest in 2010 and watched it grow into a place where 431 million people, mostly women, save and share ideas for shopping, hobbies, and recipes. Last year, the business made $316 million in profit on $2.6 billion in sales.

Mr. Silbermann said through a spokeswoman that he decided to step down as CEO after looking at Pinterest’s goals at the end of last year. The company wants to make it easier for people to do things, like shopping, based on the things they save on Pinterest. Mr. Silbermann said that Mr. Ready, who has worked in the payments and e-commerce business for 20 years, has “skill sets that would complement mine in helping us reach this goal.”

In 2019, he took Pinterest public, joining a rush of so-called unicorn start-ups that had waited as long as they could to go public and had been valued at sky-high amounts by private investors.

Pinterest shares hit their highest price of $85 in February 2021. On Tuesday, they closed at $19.70, giving the company a value of $13 billion, which is just a little bit more than it was worth before it went public. The news that Mr. Silbermann was stepping down as CEO made its shares go up by 4% after the market closed.

Pinterest was known as a “nice” company that didn’t follow Silicon Valley’s start-up playbook of macho, swaggering hype. This was partly because most of its users were women and Mr. Silbermann was known to avoid the press. But in the past few years, the company has come under fire because employees have talked about racism and sexism at work.

Ifeoma Ozoma and Aerica Shimizu Banks, two people who used to work at Pinterest but left in 2020, tweeted about racist and sexist comments, pay differences, and retaliation they had faced at the company. Francoise Brougher, who was Pinterest’s number two executive, also sued for discrimination against women and retaliation. Because of what happened, the workers staged a digital walkout to show their anger. Shareholders then filed lawsuits.

Christine Martinez, an entrepreneur and friend of Mr. Silbermann, sued the company for breach of implied contract and idea theft last year. She said she had helped create Pinterest with Mr. Silbermann and another founder, Paul Sciarra.

The lawsuit filed by Ms. Brougher led to a settlement of $22.5 million, which included a donation of $2.5 million to charities that help women and people of color in the tech industry. Ms. Ozoma was one of the people who pushed for a new law in California that gives workers more protections when they talk about discrimination and harassment at work.

Tags: Business AnalysisMarket StoriesUSAVenture Capital

Market News

Julie Bishop is in a video with Hollywood stars for her new job with a mining services company in Perth. The video is for new employees.
Business

Julie Bishop Hollywood heavyweights, wiki bio net worth video Instagram

by adminmi
July 17, 2022
0

Julie Bishop says that a Perth mining services company will give her a new job. In a funny new video...

Read more
Apple just came out with a new MacBook Air that comes in four colors: silver, space gray, new starlight, and midnight.

 2022 Updated features MacBook Air silver, space grey and new starlight and midnight

July 17, 2022
Why is the euro falling dollar parity definition, stock market today

Why is the euro falling dollar parity definition, stock market today

July 12, 2022
Elon Musk has taken steps to cancel his agreement to buy Twitter. But the company is set on making the deal happen anyway.

The case between Elon Musk and Twitter is now in court, $44 billion offer to buy

July 10, 2022
In June, Charif Souki was in London.

Charif Souki tellurian news net worth, LNG plant at Sabine Pass is in Cameron

July 10, 2022
Real Estate

Jada group Sydney construction industry collapses, report Mac Insolvency lodged with ASIC

July 19, 2022

Categories

  • Business
  • Cryptocurrency
  • Economy
  • Gadget
  • Markets
  • Politics
  • Real Estate
  • Startup
  • Tech
  • Uncategorized
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
omdok

About the latest trends in the business world in-depth features on a variety of topics. Focus on the intersection between business and pop culture and between business and politics.

omdok.com © 2021 all rights reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
  • World
  • Economy
  • Business
  • Markets
  • Tech
  • Real Estate

omdok.com © 2021 all rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version