![]() Mark Mahaney, an analyst at Evercore ISI, called the move “a drastic step.” Pinterest said in April that global monthly active users declined 9% year-over-year in the first quarter. But holding onto that growth became difficult as the intensity of the pandemic waned and people began returning to other activities. The site gained users during the early part of the pandemic as people stayed home looking for things to do around the house such as gardening and decorating. He is a builder who deeply understands commerce and payments.”Īndrea Wishom, Pinterest’s lead independent director, echoed those comments in a statement, saying Ready’s “experience in payments, product development and shopping uniquely positions him to take Pinterest to its next phase of growth.” “Bill is a great leader for this transition. “In our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see,” Silbermann said in the statement. Ready, 42, is also worked for years at payments company PayPal. He joins Pinterest after spending the past two years leading commerce and payments at Alphabet Inc.’s Google. ![]() Ready’s appointment plays into that goal. The service has also worked in recent years to build a bigger e-commerce business in order to help advertisers and retailers sell products directly on the service. ![]() ![]() The changes mark the end of Silbermann’s decadelong run as CEO, during which Pinterest grew to more than 430 million users - known as Pinners - and annual revenue of more than $2.5 billion. ![]()
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