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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!


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  • 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" ...

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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, 9/2/2015 3:20:06 PM

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