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The social photo platform Pinterest got a new CEO a month ago, and now it has a new largest shareholder.
Elliott Management, the investment firm known for its activism, disclosed on Monday that it is now the company’s largest individual shareholder, citing its “highly strategic business with significant potential for growth.”
Pinterest shares soared more than 12 percent when the market opened Tuesday on the news.
In a statement, Elliott executives Jesse Cohn and Marc Steinberg suggested that it had thrown its full support behind Bill Ready, who joined the company at the end of June, with co-founder and CEO Ben Silbermann moving to an executive chairman role.
“As the market-leading platform at the intersection of social media, search and commerce, Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest’s next phase of growth,...
The social photo platform Pinterest got a new CEO a month ago, and now it has a new largest shareholder.
Elliott Management, the investment firm known for its activism, disclosed on Monday that it is now the company’s largest individual shareholder, citing its “highly strategic business with significant potential for growth.”
Pinterest shares soared more than 12 percent when the market opened Tuesday on the news.
In a statement, Elliott executives Jesse Cohn and Marc Steinberg suggested that it had thrown its full support behind Bill Ready, who joined the company at the end of June, with co-founder and CEO Ben Silbermann moving to an executive chairman role.
“As the market-leading platform at the intersection of social media, search and commerce, Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest’s next phase of growth,...
- 8/2/2022
- by Alex Weprin
- The Hollywood Reporter - Movie News
San Francisco, June 29 (Ians) Photo-sharing social media platform Pinterest has announced that Ben Silbermann is stepping down as the current CEO and he will be replaced by Bill Ready. The company said that co-founder, CEO and President, Silbermann will transition to the newly created role of Executive Chairman. “Building Pinterest with such a wildly […]...
- 6/29/2022
- by Glamsham Bureau
- GlamSham
Prominent YouTube executive Malik Ducard, who has been with the company for a decade -- most recently as VP of content partnerships -- has exited to join Pinterest.
Variety reports that Ducard will serve as Pinterest’s first chief content officer, and is charged with developing a strategy for Pinterest to tap into the creator economy. He will report directly to Pinterest co-founder and CEO Ben Silbermann.
“As we continue our work to drive meaningful engagement between creators and their communities, we’re thrilled to have Malik’s leadership, deep expertise, and incredible relationships,” Silbermann told Variety in a statement. “I felt his values of ensuring content is safe, inspiring, and reflective of the world around us, were directly aligned with our mission.”
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Variety reports that Ducard will serve as Pinterest’s first chief content officer, and is charged with developing a strategy for Pinterest to tap into the creator economy. He will report directly to Pinterest co-founder and CEO Ben Silbermann.
“As we continue our work to drive meaningful engagement between creators and their communities, we’re thrilled to have Malik’s leadership, deep expertise, and incredible relationships,” Silbermann told Variety in a statement. “I felt his values of ensuring content is safe, inspiring, and reflective of the world around us, were directly aligned with our mission.”
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- 10/25/2021
- by Geoff Weiss
- Tubefilter.com
Digital scrapbook Pinterest has filed for an initial public offering of stock, joining what should be a busy Ipo season for tech stocks. Pinterest is a big site for so-called influencers, who use it to tout fashion, interior design, and travel tips, among other topics.
Pinterest said Friday it will list on the New York Stock Exchange using the ticker symbol “Pins.” The filing has not said how much the company seeks tor raise or the number of shares available. Based in San Francisco, Pinterest claimed revenue of $756 million last year, up 60 percent from 2017, but that amounted to a lost of $63 million. However, the loss was down from the massive $130 million in losses from 2017.
The company has raised $1.5 million from prior investors has a valuation of $12.3 billion, according to PitchBook Data, Pinterest claims 250 million users explore the site each month. Pinterest’s main source of revenue is advertising by businesses...
Pinterest said Friday it will list on the New York Stock Exchange using the ticker symbol “Pins.” The filing has not said how much the company seeks tor raise or the number of shares available. Based in San Francisco, Pinterest claimed revenue of $756 million last year, up 60 percent from 2017, but that amounted to a lost of $63 million. However, the loss was down from the massive $130 million in losses from 2017.
The company has raised $1.5 million from prior investors has a valuation of $12.3 billion, according to PitchBook Data, Pinterest claims 250 million users explore the site each month. Pinterest’s main source of revenue is advertising by businesses...
- 3/23/2019
- by Bruce Haring
- Deadline Film + TV
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