Pinterest Appoints New CEO, Stock Soars


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Pinterest Inc (NYSE:PINS) shares are soaring in the post-market session on the appointment of online commerce expert Bill Ready as the Chief Executive Officer and a member of the Board of Directors, effective June 29, 2022.

Ben Silbermann, co-founder, Chief Executive Officer, and President, will be transitioning to the newly created role of Executive Chairman.

Mr. Ready joins Pinterest from Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, where he served as President of Commerce, Payments & Next Billion Users. Before Google, he has served in various senior leadership roles at PayPal (NASDAQ:PYPL).

 “In our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see. Bill is a great leader for this transition. He is a builder who deeply understands commerce and payments. And he shares our passion for creating a positive corner of the Internet. I’m confident he’s going to be an outstanding CEO,” commented Ben Silbermann.

Price Action: PINS shares are trading higher by 7.82% at $21.24 during the post-market session on Tuesday.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: M&AMoversTrading Ideaswhy it's moving