New York (AFP) - Online payments giant PayPal has said it is not seeking to buy Pinterest, ending days of speculation that had prompted shares in the image-sharing site to soar. Bloomberg had reported last week that the two California-based companies were discussing an acquisition price of $70 per share, which would value Pinterest at about $44 billion taking into account the total outstanding shares. At this price it would have been the biggest ever acquisition of a social media company, but reports at the time had said a deal was not certain. PayPal said in a statement late Sunday that "in ...
AFP
San Francisco (AFP) - Pinterest on Thursday banned weight loss ads, calling it a move against "body shaming" and protecting mental health on online platforms. The popular online bulletin board said that it will not allow ads containing testimonials about losing weight; references to body mass indexes, or that "idealize or denigrate" certain body types. "Across the country, people of all ages are facing challenges related to body image and mental health, particularly as we emerge from the Covid-19 pandemic and kick-off the summer season," Pinterest said in a post. "We're empowering Pinners to p...
AFP
San Francisco (AFP) - Popular online bulletin board Pinterest will pay former chief operating officer Francoise Brougher $20 million in a deal reached to settle a gender discrimination suit, a regulatory filing showed Monday. The settlement includes Pinterest investing another $2.5 million to increase the presence of women and other under-represented groups in the tech industry, according to a joint statement. "Pinterest recognizes the importance of fostering a workplace environment that is diverse, equitable and inclusive and will continue its actions to improve its culture," read a joint sta...
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