Pinterest will become the mall of the internet as Google eCommerce Executive takes over

Recently, Pinterest CEO Ben Silbermann announced that he was stepping down and being replaced by Bill Ready. Ready spent years leading commerce, payments and the next billion users at Google.

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SAN FRANCISCO, CALIFORNIA – APRIL 09: A pedestrian walks past Pinterest’s corporate headquarters on April 09, 2019 in San Francisco, California.

However, Silbermann will not leave the company, but will serve as the platform’s executive chairman. Silbermann also told the Wall Street Journal that Ready would be a better CEO than him.

The Internet Mall

With the latest change of hands, will we see the largest mall online? The platform has hundreds of millions of users who don’t grow as fast or make much money, even though most of its users spend their time researching and pinning things they want to buy. .

The platform has become a powerful discovery and curation engine for buyers around the world. With that, it didn’t compete with the biggest retailers and shopping platforms.

With the new CEO on board, the future looks brighter as Pinterest acts as an online shopping mall, where users have one place to buy brands from all over the internet. The platform can also facilitate shopping everywhere.

According to The Verge, Ready, with his pioneering e-commerce background as a senior executive for Venmo and PayPal before joining Google in 2020, will spearhead various business ventures. Even though Google Shopping hasn’t taken over the world, it has already had an impact. For one, commerce has become a huge part of YouTube’s future, and Google has revamped how Shopping works. Additionally, the company has reinvested in its payment systems.

Now, Ready seems to have big business plans for the platform. On a LinkedIn post, he said, “In the next phase of our journey, we’ll help people engage more deeply with all the inspiring products and services they find on our platform so they can build their best life.”

He also mentioned how clear it is that Pinterest has the opportunity to create something unique and special in the future.

Read also : Pinterest to tackle climate change misinformation via active banning of accounts

The Future of Pinterest Shopping

Pinterest is one of the biggest shopping malls online today, but it doesn’t have its own payment methods. With the new CEO on board, the company can expect to make some changes.

Pinterest is brand friendly and is always looking for ways to change the way people shop online. It’s always been about helping people find things, but not always about buying online. Being a Google veteran, Ready can understand the importance of payments while curating the shopping experience.

So it’s safe to say that the company is focusing on a new kind of shopping experience with shopping suggestions, reviews and, of course, payments. With a little nudge here and there, Pinterest can be reason for different platforms to worry about their own growth.

Related article: Pinterest to bring online shopping? Company acquires ‘The Yes’ to further expand its experience

This article belongs to TechTimes

Written by April Fowell

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Edwin S. Wolfe