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Pinterest CEO Ben Silbermann stepping down from role

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Pinterest Chief Executive Ben Silbermann is leaving his role as CEO to become executive chairman.

Video Transcript

DAVE GRIGGS: Breaking news now-- "The Wall Street Journal" reporting Pinterest CEO Ben Silbermann is stepping down from the role. Silbermann, who co-founded Pinterest, will transition to become executive chairman. Bill Ready, a Google commerce executive, will take over as CEO. Pinterest shares on the news up 5%, or just over $1.