Pinterest Comes Under Regulatory Radar Over Gender, Racial Bias: Report

The California Civil Rights Department investigated several companies, including Pinterest, Inc PINS, following discrimination claims from employees, Bloomberg reports.
Employees alleged Pinterest of underpayment and racial discrimination in 2020.
In late 2020, Pinterest settled a gender-discrimination case by former COO Francoise Brougher.
Pinterest underpaid her compared to her male peers, excluded her from the initial public offering process, and eventually fired her for going public with her trauma.
Two Black women, Ozoma and Aerica Shimizu Banks claimed underpayment, and the human resources department dismissed their claims.
In related tech news, California's Office of Administrative Law denied Tesla Inc's TSLA petition to review its claim of prosecution for racial bias without conducting complete investigations.
Price Action: PINS shares traded higher by 0.52% at $21.15 in the premarket on the last check Thursday.
Photo by TheDigital Artist via Pixabay