PayPal President Leaves eBay Inc. to Join Facebook Inc.

The PayPal division of eBay (NASDAQ: EBAY  ) announced today, along with Facebook (NASDAQ: FB  ) , that PayPal President David Marcus will be leaving to head Facebook's mobile messaging platform.

David Marcus. Source: Facebook.

Marcus joined PayPal in 2011 and served as the vice president of its mobile payments business before he was named president in 2012. 

"David reinvigorated product design to deliver compelling consumer experiences and energized the team to make a great business better," eBay CEO John Donahoe said in the announcement of Marcus' departure.

Facebook says its users send more than 12 billion messages every day and that more than 200 million people every month use Messenger, its standalone mobile app.

In its own press release, Facebook says it is "excited by the potential to continue developing great new messaging experiences that better serve the Facebook community and reach even more people, and David will be leading these efforts."

eBay said Marcus will remain with the company through the end of June, and while his successor has not yet been named, Donahoe said that Marcus "leaves behind a strong leadership team" and that the group is "committed to not skipping a beat on executing our plans, scaling product innovation, and driving global growth."

Discover a top stock pick for 2014
Every year, The Motley Fool's chief investment officer hand-picks one stock with outstanding potential. Just click here to download your free copy of "The Motley Fool's Top Stock for 2014" today.


Read/Post Comments (1) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 09, 2014, at 6:19 PM, foolsmate wrote:

    Bye David, real shame you had to go as PayPal was the only bit of the eBay conglomerate that Donahoe hadn't managed to screw up yet.

    Any chance of finding him a job as well before the eBay stock price completely tanks?

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2988075, ~/Articles/ArticleHandler.aspx, 12/18/2014 8:45:05 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement