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Pinterest hires the exec behind Walmart's tech transformation
If you're wondering how serious Pinterest is about turning itself into more of a shopping portal, here's your answer: the company has just hired former Walmart CTO Jeremy King as Head of Engineering. King headed Walmart's e-commerce team and oversaw most of the massive retailer's digital strategy, including in-store pickup of online orders and online grocery pickup. He also led the company's innovation arm called Walmart Labs. While Amazon continues to dominate the e-commerce space, Bloomberg says Walmart's online sales grew by 40 percent last year under his leadership.