Why Is PayPal's President Leaving to Join Facebook?

PayPal's president, David Marcus, is leaving to join Facebook's (NASDAQ: FB  ) Messenger team, but he will not have control of the company's recent messaging acquisition, WhatsApp.

Considering PayPal is essentially eBay's (NASDAQ: EBAY  ) core business now, to leave it to run a single unit of Facebook is intriguing. Also, given Marcus' background, it hints that Facebook is making things like money transfers a key way of monetizing communication platforms. That's especially important, because at some point Facebook will need to justify its $19 billion WhatsApp price tag.

In this episode of The Next, Motley Fool tech analyst Eric Bleeker and Rule Breakers analyst Simon Erickson discuss what Marcus' move might mean for a future Facebook payments system.

Leaked: Apple's next smart device (warning -- it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee that its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are even claiming that its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts that 485 million of these devices will be sold per year. But one small company makes this gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and to see Apple's newest smart gizmo, just click here!

 


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 23, 2014, at 4:41 PM, PhilipCohen wrote:

    Assuming Marcus was not "pink slipped", I suspect that probably he could see the writing on the wall for eBay's clunky "PreyPal" ...

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: 3003467, ~/Articles/ArticleHandler.aspx, 11/24/2014 9:14:11 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