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?