Facebook recruits Paypal’s President, David Marcus


Ebay inc’s Paypal business President David Marcus announced yesterday, that he’ll be stepping down as the company’s Number 1 man on June 27 to lead Facebook’s messaging products. The surprising jump comes after several discussions between Marcus and Facebook co-founder / CEO Mark Zuckerberg. TheVerge reported.

“Mark shared a compelling vision about mobile messaging,” Marcus revealed on his own Facebook page. He had plenty of kind words to say about PayPal, which he joined after the payments giant scooped up his company Zong. “At first, I didn’t know whether another big company gig was a good thing for me, but Mark’s enthusiasm, and the unparalleled reach and consumer engagement of the Facebook platform ultimately won me over.” Marcus has served as president at PayPal since April 2012; he took over for Scott Thompson, who departed the company for Yahoo but quickly left that job after padding his résumé with false information. “I’m looking forward to getting my hands dirty again attempting to build something new and meaningful at scale,” Marcus said. He’s unlikely to get his hands on WhatsApp — at least directly — since the app will remain independent once Facebook successfully closes its pricey acquisition.

PayPal business provides faster, safer way to pay and get paid online, via a mobile device and in store and it’s an eBay (Nasdaq: EBAY) company which contributed 41 percent of eBay Inc.’s revenues in 2013.


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