financetom
Business
financetom
/
Business
/
US says two Pinterest directors resign from Nextdoor board of directors
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US says two Pinterest directors resign from Nextdoor board of directors
Aug 16, 2023 12:57 PM

Two Pinterest directors have resigned from Nextdoor’s board of directors in response to U.S. Justice Department efforts to stop directors from holding similar board positions at rival companies, the department said on Wednesday.

Share Market Live

NSE

"Two directors who served on the boards of both Nextdoor and Pinterest resigned from the board of Nextdoor effective August 1, without the directors or either company admitting liability," the department said in a statement.

The push to enforce rules about interlocking directorates comes during a broader increase in antitrust enforcement. Antitrust law says that competing companies cannot have the same people on their boards of directors in most cases.

The Justice Department did not identify the board members. Nextdoor said in a filing to the government in late July that Leslie Kilgore and Andrea Wishom had decided to step down from Nextdoor’s board. Both Kilgore and Wishom are on the Pinterest board of directors, according to that company’s website.

Neither Pinterest nor Nextdoor immediately responded to a request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Elliott Investment builds $2.5 billion stake in Phillips 66
Elliott Investment builds $2.5 billion stake in Phillips 66
Feb 11, 2025
Feb 11 (Reuters) - Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes as well as the sale of its midstream business. In March, the activist investor disclosed a $1 billion stake in the company, following which Phillips 66 laid out...
NIP Group Launching Partnership With Optics Valley Traffic to Set Up Digital Entertainment Hub; Shares Rise Pre-Bell
NIP Group Launching Partnership With Optics Valley Traffic to Set Up Digital Entertainment Hub; Shares Rise Pre-Bell
Feb 11, 2025
09:28 AM EST, 02/11/2025 (MT Newswires) -- NIP Group ( NIPG ) said Tuesday that it is launching a partnership with Optics Valley Traffic to co-develop a digital entertainment hub in Wuhan, China. The company said the new high-tech esports center will feature live streaming facilities, influencer-themed districts, esports training centers, and IP-based tournaments. The center is expected to be...
Apple partners with Alibaba to develop AI features for iPhone in China, The Information reports
Apple partners with Alibaba to develop AI features for iPhone in China, The Information reports
Feb 11, 2025
(Reuters) - Apple ( AAPL ) is partnering with Alibaba ( BABA ) to develop and roll out AI features for iPhone users in China, The Information reported on Tuesday, citing one person with direct knowledge of the decision. Apple ( AAPL ) and Alibaba ( BABA ) did not immediately respond to Reuters' requests for comment. Apple ( AAPL...
TruBridge Names Jerry Canada, Dris Upitis to Board of Directors
TruBridge Names Jerry Canada, Dris Upitis to Board of Directors
Feb 11, 2025
09:23 AM EST, 02/11/2025 (MT Newswires) -- TruBridge ( TBRG ) said Tuesday that it signed cooperation agreements with Pinetree Capital, L6 Holdings, as well as with family office Ocho Investments that includes appointing Jerry Canada and Dris Upitis to its board of directors. The company said Canada was formerly group president of Harris Computer, which is a unit of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved