Silbermann had been CEO of Pinterest since he co-founded the company back in 2010. The company said he will transition to the new role of executive chairman and keep his board seat at Pinterest. Bill Ready becomes only the second person to lead Pinterest. He previously ran commerce and payment operations at Google and also held senior roles atPayPal(NASDAQ:PYPL).
Pinterest has more than 430 million monthly active users. The company thrived during the pandemic when people were locked down at home, and, in 2021, it reported$316 million in profiton revenue of $2.6 billion.
However, the company has struggled over the last year and its share price has declined amid concerns that growth is slowing at the company coming out of the Covid-19 crisis.$Pinterest, Inc.(PINS)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great