Nick Fox, the vice president who heads up Google's long-term bets, will takeover Google's commerce, payments, and Next Billion Users businesses on an interim basis, Axios has learned. This change comes after Tuesday's news his predecessor, Bill Ready, will become CEO at Pinterest.
Why it matters: Google has access to an enormous pool of users, with an estimated 3.4 billion on its Chrome browser alone. Any commerce or payments product it could make would be a potential threat to other fintechs and e-commerce tech businesses.
