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Pinterest Hit With $89.5M Cancelled Lease Fee
Pinterest decides to become your favorite couchsurfing roommate after bailing on a $440 million lease obligation. The $89.5 million fee is only a speeding ticket after the Stock is up 90% YTD.
“As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based,” said Todd Morgenfeld, CFO and Head of Business Operations of Pinterest.
I cannot quite figure it out. Maybe remote work is a thing now?
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By Mike Zima
5
11 ratings
Pinterest decides to become your favorite couchsurfing roommate after bailing on a $440 million lease obligation. The $89.5 million fee is only a speeding ticket after the Stock is up 90% YTD.
“As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based,” said Todd Morgenfeld, CFO and Head of Business Operations of Pinterest.
I cannot quite figure it out. Maybe remote work is a thing now?