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
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