Pinterest Directors Quit Nextdoor Board on DOJ Concerns (1)

Two directors stepped down from Nextdoor Holdings Inc. after the US Justice Department raised concerns that they were also serving on the board of rival social media company Pinterest Inc. in violation of antitrust laws.

“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 said Wednesday in a statement.

Nextdoor operates social networks serving neighborhood communities, while Pinterest offers pinboards to help users style events and decorations among other items.

The department has been cracking down on simultaneous ...