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"A group of shareholders is suing Pinterest and its board of directors, alleging that the company violated its fiduciary duty, wasted corporate assets, and abused its control by fostering a systematic culture of racial and gender discrimination that drove out women executives.

Pinterest's top executives and the board 'personally engaged in, facilitated, or knowingly ignored the discrimination and retaliation against those who spoke up and challenged the company's white, male leadership clique,' according to the suit (PDF). As Pinterest's user base heavily skews female, being publicly seen as a den of sexism and racism is damaging to the brand and therefore to the shareholders, the suit alleges."