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Pinterest lists DEI attacks as possible business risk in latest filing
Pinterest listed the latest attacks on diversity, equity, and inclusion as a possible business risk in its latest 10-K filing. The company wrote in
The revelation in Pinterest’s filing comes just days after Target, a company that rolled back its DEI efforts after conservative backlash, was sued by its shareholders for not revealing the risk of its diversity initiatives. As reported by Reuters, shareholders feel Target defrauded them by making them pay high stock prices while management misused “investor funds to serve political and social goals.” Like many tech companies after the Black Lives Matter protests in 2020, Pinterest showed a public commitment toward supporting diversity and inclusion and launched creator funds for underrepresented communities.
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