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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Apr 09, 2019
Page
8
Pinterest set a price range of 15 to 17 dollars per share for about 75 million shares, valuing the company at up to about 9 billion dollars in its initial public offering. The filing notes a lower private market valuation of around 12 billion from two years ago.
Momen tum gains in Washington for a broad privacy law that could restrict how large tech firms collect and share personal data. The measure aims to let people see and prohibit use of their data, with permission required for release and potential hits to ad profits. The push reflects concerns over data leaks and distribution by Facebook Google and other giants amid calls to curb dominance and even split up firms like Facebook and Google. Regulatory momentum includes California EU Britain and a possible federal standard while industry voices push for baseline rules.
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