Pinterest has officially appointed Bill Ready as its new CEO, replacing co-founder Ben Silbermann, who steps down to become executive chairman. This leadership change is part of a broader strategic shift towards e-commerce, moving away from the company’s traditional advertising model. Following the announcement, Pinterest’s shares rose by approximately 4.7%, as investors respond positively to the new direction under Ready. The company, which has faced significant stock declines since early 2021, aims to capitalize on opportunities for improved monetization.
“Pinterest · is replacing · its CEO · true”
“Pinterest (PINS) shares · rose · during pre-market trading · after the company said Bill Ready will take the place of Ben Silbermann as CEO”
“Ben Silbermann · announced he is stepping down · CEO of Pinterest · stepping down”
“Pinterest Inc · gained · 4%”
“Ben Silbermann · is stepping down as · CEO of Pinterest · true”
“Ben Silbermann · will remain as · chairman of Pinterest · true”
“Bill Ready · is replacing · Ben Silbermann as CEO of Pinterest · true”
“Pinterest · stock rose · 4.7% · true”
“Ben Silbermann · announced he is stepping down · CEO of Pinterest · true”
“Bill Ready · took over as CEO of · Pinterest · true”
“Moscow court · penalized · Pinterest · 2 million roubles”
“Pinterest Inc · gained · 4% · after reports that co-founder and CEO Ben Silbermann is stepping down”