The Justice Department announced that two directors of Pinterest (PINS) have resigned their positions on the board of Nextdoor (KIND) in response to its antitrust division’s ongoing enforcement efforts around Section 8 of the Clayton Act. “We remain steadfast in our commitment to protect competition by preventing interlocking directorates that we believe violate Section 8 of the Clayton Act,” said Deputy Assistant Attorney General Andrew Forman of the Justice Department’s Antitrust Division.
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Read More on KIND:
- Nextdoor reports Q2 adjusted EBITDA ($18.605M) vs ($20.045M) last year
- Nextdoor price target raised to $3 from $2.25 at Goldman Sachs
- Nextdoor price target raised to $3.30 from $2.55 at Citi
- Cathie Wood’s ARK Investment bought 174.3K shares of Nextdoor today
- Cathie Wood’s ARK Investment bought 248.8K shares of Nextdoor today